Its stock price has fallen and most brokerages have cut price targets. PSUs could get hit even harder by disappointed investors
The stock trades at Rs 1,250 levels on the NSE and has gained 13 per cent in the last one year
For the quarter under review, RIL's GRMs are likely to come in at $8/barrel, down 2 per cent quarter-on-quarter due to unfavorable Brent-Dubai and refinery shutdown