Reliance Falls on O2C Weakness

  Published 1 year ago

Reliance shares drop 2% after weaker retail and oil-to-chemicals performance overshadow strong digital and upstream segment gains.

  • Reliance missed O2C EBITDA by 3% and retail EBITDA by 5%, despite an overall quarterly profit beat.
  • Planned maintenance, higher costs impacted O2C; analysts flag concern over retail business softness.
  • Stock still up 19% YTD but faces pressure; top drag on Nifty 50 despite broader market gains.

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