CLSA ups target by 33 per cent, retains ’buy’

Mumbai, January 6: Describing Reliance Industries (RIL) stock as the best growth in global large oils at discounted valuation, global brokerage CLSA Tuesday maintained “buy” on the stock, raising its target price to Rs.1,250, which is 33 percent higher than current levels. “Reiterate our double bagger BUY with target of Rs.1,250 a share, ahead of key triggers in 2015,” CLSA said in a report. (IANS)