JPMorgan maintains an Overweight rating on Reliance Industries. The brokerage sees comfortable relative valuation for RIL. Near-term outlook for oil-to-chemicals business remains uncertain. JPMorgan retains a price target of Rs 1,675 for March 2027. The firm expects improved refining and petrochemical margins in the medium term. Retail valuation upside also offers potential gains.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets