Reliance Industries is expected to report 17% year-on-year growth in Q2FY27 EBITDA to Rs 53,700 crore, led by stronger refining margins and higher throughput, according to Nuvama Research. While the O2C business is likely to drive near-term earnings, New Energy could emerge as a key growth driver, with EBITDA projected to reach Rs 20,100 crore by FY30. Nuvama retains its Buy rating with a target price of Rs 1,766.
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