 "reliance industries, RIL")
The stock of Reliance Industries (RIL) has plunged by over 20 per cent in the past month. Besides the overall bearish market trend, concerns over the impact of coronavirus (COVID-19) on demand for refining and petrochemical products, downstream margin, and deleveraging plans amid crude oil crash have hurt investor sentiments.
However, many analysts believe that the sharp correction in the stock now prices in the possible negatives and there are enough supporting factors, which the Street is ignoring.
Pressure on margins of petrochemicals segment from lower crude oil prices would be offset by a likely improvement in refining
However, many analysts believe that the sharp correction in the stock now prices in the possible negatives and there are enough supporting factors, which the Street is ignoring.
Pressure on margins of petrochemicals segment from lower crude oil prices would be offset by a likely improvement in refining
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