Citibank

JM Financial maintains a ‘Buy’ rating on Reliance Industries due to the recent stock price correction being “overdone”. Despite a 4% drop this week and 8% in the last month, the stockcan reach up to 28.6%. The O2C business is resilient to energy price spikes, and the digital segment has a robust growth outlook. The company’s financial discipline and debt reduction plans make it a promising stock.