BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
Reliance Industries Ltd. has announced a “re-evaluation” of the proposed deal to divest a strategic stake in its Oil to Chemicals business to Saudi Aramco after ~2 years of negotiations, highlighting the change in the market environment and the change in strategic priorities for RIL.
Beyond the near-term disappointment of the deal not fructifying, however, we see little impact of this development on business prospects or earnings.
With a comfortable balance sheet and steady earnings accretion from every business segment, our rating stays.
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