Morgan Stanley sets a base target of Rs 3,540 and bull case of Rs 4,377 for RIL

New Delhi [India], July 1 (ANI): In its fourth monetization cycle this century, Reliance Industries (RIL) is projected to achieve up to USD 100 billion in value creation, according to a research report by American multinational investment bank and financial services firm Morgan Stanley.

The report suggests that with this level of value creation, as business cycles inflect, new cash flow streams emerge, and multiples catch