Brokerages retain ‘Buy’ on RIL\, say focus to be on refining\, retail now

Brokerages have given a thumbs up to Reliance Industries after its annual general meeting, with most maintaining their ‘buy’ ratings. Analysts are positive on Google’s purchase of a 7.7% stake in Jio Platforms in particular as the company has now managed to partner three major global tech giants — Microsoft and Facebook being the two others besides Google — for Jio Platforms. Brokerages believe that the focus will now be on recovery in demand and margin in refining, chemicals and retail in the near term. ET takes a look at how brokerages view Reliance Industries after its AGM and the Google deal.