INSUBCONTINENT EXCLUSIVE:
stock to Rs 1,840, implying 60 per cent upside from the current levels in the next one year.
The brokerage said the steep decline in the
opportunity to investors to buy the energy business apparently for free, as the current market cap is 10 per cent below our SoTP (sum of the
calls to the analysts went unanswered.
For the year to date, RIL stock is down 23.83 per cent at Rs 1,153.25, while Sensex has dropped 13.47
concerns of Covid-19 impact on demand for refined products and petrochemicals, depressing margins, lower energy segment cash flows impacting
preannounced lower capex (we estimate FY20-24 capex to be 56 per cent lower than FY15-19 levels), sustainability of energy earnings in lower
