Mumbai: Most brokerages maintained a bullish view on Reliance Industries<\/a> after the company on Friday posted a 15% year-on-year (YoY) fall in its second quarter profit to Rs 9,567 crore. 孟买:大多数券商保持乐观看法信实工业公司周五,此前该公司公布同比增长15%(同比)其第二季度利润下降到9567卢比。
The company's group operations and revenue were hit by the coronavirus pandemic during the quarter. Gross Refining Margin (GRM) fell to $5.7 per barrel from $6.3 a barrel in the June quarter. However, its telecom arm Jio<\/a> reported a nearly three-fold jump in net profit to Rs 2,844 crore.
JM Financial, Prabhudas Lilladher<\/a>, Bank of America Securities, Antique, and Nomura have maintained buy ratings. Morgan Stanley<\/a> has an overweight stance but JP Morgan is 'neutral'. Macquarie<\/a> has an underperform rating and one of the lowest target prices on the Street for RIL at Rs 1,320.
CLSA said long-term prospects remain promising but it believes that near term upside is capped.
\"Using valuations from recent retail deals, Jio and the proposed deal price with Saudi Aramco<\/a> for the core business, as well as, adjusting for minority interest gives us an equity value close to its current market price,\" said CLSA, retaining outperform rating with a target price of Rs 2,250.
\"Reliance has possibly exhausted its large near-term inorganic triggers while we see a low likelihood of any big surprises from its organic earnings,\" said CLSA.
Macquarie said the stock price implies flawless execution on RIL’s multi-pronged growth aspirations. \"We remain cautious as we still see no economic moat,\" said Macquarie.
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公司的集团业务和收入受到冠状病毒大流行期间。炼油利润总值(GRM)跌至每桶5.7美元在6月季度从每桶6.3美元。然而,其电信业务Jio报告净利润增长近三倍到2844卢比。
JM金融、Prabhudas Lilladher美国银行证券、古董和野村了维持“买入”评级。摩根士丹利(Morgan Stanley)有一个超重但摩根大通是“中性”的立场。麦格理有一个表现不佳的评级和目标价最低的国家之一在街上瑞来斯的Rs 1320。
“使用估值从最近的零售交易,Jio和拟议的交易价格沙特阿拉伯国家石油公司为核心业务、以及调整少数利益给了我们一个股权价值接近当前市场价格,”里昂证券(CLSA)说,留住表现评级的目标价格2250卢比。
“依赖可能耗尽其短期无机触发大,同时我们看到任何惊喜的可能性低的有机收益,”里昂证券(CLSA)说。
麦格理称,股票价格意味着完美的执行瑞来斯多管齐下增长的愿望。“我们保持谨慎是我们仍然没有看到经济护城河,”麦格理(Macquarie)说。
Mumbai: Most brokerages maintained a bullish view on Reliance Industries<\/a> after the company on Friday posted a 15% year-on-year (YoY) fall in its second quarter profit to Rs 9,567 crore.
The company's group operations and revenue were hit by the coronavirus pandemic during the quarter. Gross Refining Margin (GRM) fell to $5.7 per barrel from $6.3 a barrel in the June quarter. However, its telecom arm Jio<\/a> reported a nearly three-fold jump in net profit to Rs 2,844 crore.
JM Financial, Prabhudas Lilladher<\/a>, Bank of America Securities, Antique, and Nomura have maintained buy ratings. Morgan Stanley<\/a> has an overweight stance but JP Morgan is 'neutral'. Macquarie<\/a> has an underperform rating and one of the lowest target prices on the Street for RIL at Rs 1,320.
CLSA said long-term prospects remain promising but it believes that near term upside is capped.
\"Using valuations from recent retail deals, Jio and the proposed deal price with Saudi Aramco<\/a> for the core business, as well as, adjusting for minority interest gives us an equity value close to its current market price,\" said CLSA, retaining outperform rating with a target price of Rs 2,250.
\"Reliance has possibly exhausted its large near-term inorganic triggers while we see a low likelihood of any big surprises from its organic earnings,\" said CLSA.
Macquarie said the stock price implies flawless execution on RIL’s multi-pronged growth aspirations. \"We remain cautious as we still see no economic moat,\" said Macquarie.
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