{"id":498775,"date":"2022-06-17T09:32:58","date_gmt":"2022-06-17T04:02:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=498775"},"modified":"2022-06-17T09:45:42","modified_gmt":"2022-06-17T04:15:42","slug":"jp-morgan-sees-ril-at-rs-3170-in-a-year-upgrades-stock-to-overweight","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jp-morgan-sees-ril-at-rs-3170-in-a-year-upgrades-stock-to-overweight\/","title":{"rendered":"JP Morgan sees RIL at Rs 3170 in a year; upgrades stock to overweight"},"content":{"rendered":"<p>JP Morgan has upgraded its stance on Reliance Industries Limited (RIL) to overweight from neutral and sees the stock at Rs 3,170 levels in a year \u2013 up 21 per cent from the current levels. RIL, according to the brokerage, is among the few large companies in India with a positive earnings revision cycle ahead, given the strong refining and gas environment. <\/p>\n<p>&#8220;Our upgrade to overweight is driven by: a) global view of a strong refining environment though we build in a decline in product cracks from current levels; and, b) RIL&#8217;s non-Energy business valuations continuing to hold up. The key risks include: a) fall in Refining margins to Jan 2022 levels; and, b)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JP Morgan has upgraded its stance on Reliance Industries Limited (RIL) to overweight from neutral and sees the stock at Rs 3,170 levels in a year \u2013 up 21 per cent from the current levels. RIL, according to the brokerage, is among the few large companies in India with a positive earnings revision cycle ahead, given the strong refining and gas environment. &#8220;Our upgrade to overweight is driven by: a) global view of a strong refining environment though we build in a decline in product cracks from current levels; and, b) RIL&#8217;s non-Energy business valuations continuing to hold up. 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":[135,130,169],"tags":[],"class_list":["post-498775","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498775","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=498775"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498775\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=498775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=498775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=498775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}