Reliance
Morgan Stanley: Refining margins could rise with improved demand and slower capacity growth, margins could also improve a slowdown in petrochemical capacity growth in 2020, and telecom subscriber additions should remain steady at RIL s mega consumerfacing business. We are incorporating the impact of lower tax rates as well as lower core business operating costs and better-than-expected gasoline margins in our estimates. Overall, our FY20 earnings per share estimate rises by 7 and FY21 EPS estima .. Read more at: //economictimes.indiatimes.com/articleshow/71402050.cms?utm_sourcecontentofinterestutm_mediumtextutm_campaigncppst