Despite the RIL stock outperforming the Nifty by 12% year-to-date, it still trades below its long-term forward EV/EBITDA average, indicating scope for re-rating, Jefferies wrote in its note.
Despite the RIL stock outperforming the Nifty by 12% year-to-date, it still trades below its long-term forward EV/EBITDA average, indicating scope for re-rating, Jefferies wrote in its note.