Upside for RIL post completion of its $16 bn projects: Analysts.

Reliance Industries Ltd. (RIL) is likely to benefit from the completion of its $16-billion expansion projects and the roll-out of its telecom venture, say analysts.

'It is likely this year, most of the focus will be on the telecom launch. While telecom will likely be a key driver of the stock in 2015, we still believe petrochemical/refining growth will put an end to RIL's underperformance,' Nomura said in a report, adding the company's earnings should rise sharply as expansion projects are completed next year.

BS