Please Share::
India Equity Research Reports, IPO and Stock NewsVisit http://indiaer.blogspot.com/ for complete details �� ��
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily15032012.pdf
Reliance Industries (RIL)
Energy
Brutal margins, savage cuts. We have cut our FY2013-14E EPS by 8% to reflect lower
refining and petchem margins. Near-term margins may remain subdued given weakness
in global demand and continued high input costs. The ongoing buyback program may
support the stock price in the near term although RIL may need to rediscover its
historical advantages (scale and execution) to excite investment interest in the medium
term. Earnings alone may not be sufficient to support the stock price.
No comments:
Post a Comment