Published on Fri, Dec 02, 2011 at 09:13 | Source : Moneycontrol.com
Merrill Lynch has downgraded Reliance to a NEUTRAL from BUY and cut its target to Rs 860 from Rs 950. With a collapse in the Singapore GRMs, ML has cut its expectations for RIL's GRM for FY12 by 6% to USD 8. It is now expecting a flat EPS in FY13.
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