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Macquarie downgrades RIL to 'underperform', says will buy around Rs 1,200

Reliance Industries (RIL) shares declined nearly 2 per cent on Thursday, after the global brokerage firm Macquarie downgraded the stock to 'underperform' saying most of the positives are already priced in. At 11:06 am, the stock partly recopued morning's loss and was trading over 1 per cent lower at Rs 1,459 apiece on the BSE as compared to 0.67 per cent slide in the benchmark S&P BSE Sensex.  The brokerage firm noted that there are several things to like about the oil-to-telecom behemoth such as entrepreneurial vision, disruptive bent, execution of large-scale com.....

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