Mumbai: JP Morgan downgraded Reliance Industries Ltd to
"impartial" from "plump", saying share prices by now imitate
positive catalysts even as basics stay on "a solid footing".
"While we linger helpful on Reliance Industries` policy of natural expansion in core businesses, we suppose the present share price by now reflects the helpful catalysts that were recognized in our promote in 4Q CY13," JP Morgan said in a note dated on Wednesday.
"While we linger helpful on Reliance Industries` policy of natural expansion in core businesses, we suppose the present share price by now reflects the helpful catalysts that were recognized in our promote in 4Q CY13," JP Morgan said in a note dated on Wednesday.