RIL shares slip over 3% after Morgan Stanley downgrades rating

CNBC-TV18
CNBC-TV18
  • 5 years ago
Shares of Reliance Industries (RIL) fell 3.15 percent on Thursday after Morgan Stanley downgraded the company's rating citing headwinds in the energy business. The brokerage cut RIL's rating to 'equal-weight' and revised the target price to Rs 1,349 per share from Rs 1,230 earlier.

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