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Reliance Industries Share Price: Shares of Reliance Industries Limited (RIL) fell nearly 1 per cent today as the company reported soft results for the second straight quarter. RIL’s performance was impacted by weaker refining and petrochemical (petchem) spreads, which dragged down its standalone numbers.
Mukesh Ambani's Reliance Industries Share Price Today
The RIL stock was trading 0.7 per cent lower at Rs 2,726 on the BSE. With today’s fall, the stock has declined 7.61 per cent over the past month.
Reliance Industries: Quarter Results
In the Reliance Retail segment, while revenue growth was subdued, the company managed to improve its margins. However, RJio saw higher subscriber churn, which offset the gains from the recent tariff hikes.
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Despite maintaining a buy rating, Motilal Oswal lowered its target price for RIL to Rs 3,255 from Rs 3,410, citing reduced estimates for the company’s standalone, Jio, and Retail earnings. It cut FY25/FY26 EBITDA estimates by 1-2 per cent and PAT estimates by 6 per cent and 3 per cent, respectively. Jefferies, with a target price of Rs 3,400, noted that the quarterly results missed expectations across O2C, Jio, and Retail segments. However, it highlighted that the recent 14 per cent correction in RIL’s stock offers an attractive valuation opportunity.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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