reliance industries (UBS) Upgrade to Buy on recent weakness

Event: Stock down to attractive levels, upgrade to buy; Impact: Pricing in the bad news, low downside risk; Action: Upgrade to a Buy- stock prices in a weak upstream outlook; Valuation: Increase SOTP based PT to Rs 1,170/share(27% upside)
Date Rating Target Price Recommendation Price Broker house
19 May 2011 buy (from neutral) 1170 (From 1115) 901 UBS Report

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