What makes Morgan Stanley, Goldman Sachs, CLSA bullish on RIL

According to Morgan Stanley, multiple triggers - asset sales, pickup in energy cash flows, increased traction in omni-channel retail and rise in telecom ARPU- could further drive the stock

Reliance Industries hit a record high of Rs 1,738.95, advancing 5 per cent, on the BSE on Friday after the company became net-debt free.

"I have fulfilled my promise to the shareholders by making Reliance Industries net debt-free much before our original schedule of 31st March, 2021... Our net-debt was Rs 161,035 crore as on March 31, 2020. But with investments worth Rs 1,15,693.95 crore in Jio Platforms and rights issue worth Rs 53,124.20 crore, Reliance Industries Limited has raised over Rs 1,68,818 crore in just 58 days," said Mukesh Ambani, chairman, RIL in a statement. Along with the