RIL unlikely to see any earnings upgrades, says CLSA

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MUMBAI: Shares of Reliance Industries have surged over 13 per cent in the past week on hopes of big earnings upgrades due to the rise in petrochemical spreads. However, CLSA believes that earnings upgrades are unlikely. The brokerage said ‘s annual report does not mention Saudi Aramco deal, which means that the deal is not … Read more