Hot Stocks: Global brokerages on RIL, ICICI Bank and State Bank of India
Morgan Stanley maintained its overweight stance on RIL with a target price of Rs 3085. RIL’s fourth investment cycle has the potential to double profits by 2027, it said.”RIL has evolved to create value in every investment cycle. Investment cycles have unwound with 2-3x value creation for shareholders in the last two decades,” Morgan Stanley said.
