Morgan Stanley downgrades Reliance Industries
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.
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.