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ā¢ Analysts at JPMorgan have given an 'overweight' rating to Reliance Industries Ltd. with a target price of Rs. 2,810, citing potential growth in the telecom and retail sectors.
ā¢ The conglomerate's recent stock correction is attributed to a 21% cut in FY24 earnings per share forecasts since June 2022.
ā¢ In the September-ended quarter, RIL's consolidated profit rose 27% YoY, with strong growth in retail and O2C Ebitda.