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The Economic Times
The Economic Times
Akash Podishetti

Counting Rs 4 lakh crore loss in RIL? Dangote refinery listing in Nigeria could trigger a 30% rally

Reliance Yes Securities Nigeria O2C Reliance Industries YES Podishetti Akash Petroleum Jamnagar SEBI

Reliance Industries' oil-to-chemicals business may be undervalued when compared with the valuation being assigned to Dangote Petroleum Refinery, according to YES Securities, which sees room for a re-rating of the Jamnagar refining and petrochemical complex.

The brokerage has maintained a buy rating on Reliance Industries with a target price of Rs 1,660, implying a potential upside of 30.6% from the current market price of Rs 1,271.

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