Street turns bullish on RIL

Several brokerages have revised their price targets upwards on Reliance Industries Ltd (RIL), after its market-beating September quarter results' announcement. The stock has rallied over 4%, after the company surprised the Street, with its net profit growth, which was buoyed by an improvement in refining margins and reduction in costs. By Bloomberg consensus estimates, the 12-month price target on Reliance Industries is Rs 1,118, which offers a 16 per cent upside from the current levels. Following is a list of brokerages that have raised their price targets on the stock