Reliance Industries shares fell about 1% following weak Q2 results. The 5% decline in net profit led Motilal Oswal to reduce the target price to Rs 3,255. Other brokerages like Jefferies, CLSA, and Nomura also commented on the results.

The dip, driven by weaker-than-expected performance in its oil-to-chemicals (O2C) segment, has left investors and analysts contemplating their next move.

MOFSL said RJio will be the biggest driver of Ebitda growth over FY24-27, driven by more frequent tariff hikes, market share gains in wireless, and the ramp-up of Homes and Enterprise business.

Reliance Industries Ltd's Q2 profits fell by 5%, mainly due to a 23% decline in operating profit in the oil-to-chemicals segment. Despite a muted performance in retail, digital services showed strong growth with a 7% rise in ARPU and a 23% increase in net profit.