RIL shares slip over 3% after Morgan Stanley downgrades rating

CNBC-TV18 2019-05-09

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Shares of Reliance Industries (RIL) fell 3.15 percent on Thursday after Morgan Stanley downgraded the company's rating citing headwinds in the energy business. The brokerage cut RIL's rating to 'equal-weight' and revised the target price to Rs 1,349 per share from Rs 1,230 earlier.

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