New Delhi, Jan 10 (TIWN) Foreign brokerage Jefferies expects RIL's under-performance to reverse and has reiterated Buy with Rs 2,950 price target, with a 21 per cent potential upside.

RIL under-performed Nifty by 5 per cent in CY21. "We forecast 23 per cent EPS CAGR for RIL, ahead of the Nifty Consensus EPS CAGR of 16 per cent over FY22-24E," the report said.