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JP Morgan has increased the price target for Reliance Industries. The firm maintains an 'Overweight' rating. This is due to a better earnings outlook over the next two years. Reliance shares have faced pressure. This pressure is from earnings cuts in FY25. The retail business is key to the conglomerate's valuation. An improved growth outlook could drive multiples up.
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The breaking point came after Musk criticised Trump's centrepiece "big, beautiful" spending bill as an "abomination".
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In response to questions from Sens. Dick Durbin and Tammy Duckworth, Prime said that Level III trauma designations would be more appropriate at certain hospitals.
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