Reliance share gains despite 22% fall in Q1 profit; Motilal Oswal retains Buy
RIL's stock rises 1% after Q1 earnings, Motilal Oswal retains 'Buy' rating with lowered target price. Q1FY27 sees a strong rebound in energy profitability, offsetting weaker retail performance. Jio is expected to be the primary growth engine, with ambitious targets set for Reliance Retail. Capex peak behind, free cash flow generation expected to lead to net debt decline.