Explained: Why Reliance Industries shares fell 3% after reporting highest-ever profit

July 21, 2025

Reliance Industries shares: Jefferies offered a candid assessment, noting that consolidated EBITDA came in 3% below its estimates, with the O2C and Retail segments missing expectations by 5% and 4%, respectively. Despite this, the global brokerage retained its Buy rating with a target price of ₹1,726.

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