Morgan Stanley downgrades RIL to 'underweight'
Morgan Stanley has downgraded Reliance Industries Ltd, or RIL, to 'underweight' from 'equalweight' and slashed its target price on the stock to Rs 650 a share from Rs 921 earlier.
Morgan Stanley has downgraded Indian energy major Reliance Industries to 'equal-weight' from 'overweight' and cut its target price on the stock to Rs 956 from Rs 1,206.