{"id":347097,"date":"2020-04-17T11:09:51","date_gmt":"2020-04-17T05:39:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347097"},"modified":"2020-04-17T11:36:39","modified_gmt":"2020-04-17T06:06:39","slug":"oil-shock-goldman-sachs-morgan-stanley-see-reliance-weathering-the-current-storm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-shock-goldman-sachs-morgan-stanley-see-reliance-weathering-the-current-storm\/","title":{"rendered":"Oil shock: Goldman Sachs, Morgan Stanley see Reliance weathering the current storm"},"content":{"rendered":"<p>Shares of Reliance Industries took a beating since crude oil prices plunged to under $30 a barrel. Marketmen feared that this could affect RIL\u2019s refinery margin and thus, its leveraged balance sheet. Besides, the current shutdown due to Covid-19 could put pressure not only on oil consumption but also on the retail segment. All these took a toll on RIL\u2019s shares.<\/p>\n<p>RIL shares crashed from \u20b91,550-level in December-end to \u20b9875 by March 23. However, they have recovered partly since then. On Thursday, RIL shares jumped 1.3 per cent at \u20b91,165.75 on the BSE.<\/p>\n<p>Most analysts now see RIL withstanding the current pressure, thanks to healthy fundamentals. Besides, they feel retail and telecom will add strength to RIL, going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries took a beating since crude oil prices plunged to under $30 a barrel. Marketmen feared that this could affect RIL\u2019s refinery margin and thus, its leveraged balance sheet. Besides, the current shutdown due to Covid-19 could put pressure not only on oil consumption but also on the retail segment. All these took a toll on RIL\u2019s shares. RIL shares crashed from \u20b91,550-level in December-end to \u20b9875 by March 23. However, they have recovered partly since then. On Thursday, RIL shares jumped 1.3 per cent at \u20b91,165.75 on the BSE. Most analysts now see RIL withstanding the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-347097","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=347097"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347097\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}