RIL continues to up the ante in retail space and launch of 7/11 stores will add to momentum created by Just Dial, Netmeds and Urban Ladder acquisitions We upgrade RIL to BUY' (from earlier Under Review) and increase TP to Rs2,955 (previous Rs2,416) as we incorporate higher value for Hydrocarbon (improved GRMs), Retail (higher multiple for grocery, electronics and fashion) and Telecom businesses (higher ARPU). RIL made its first move of foraying...