Today’s top research idea: Reliance Industries: Standalone: O2C – From trough to takeoff
CMP: INR1,275 TP: INR1,550 (+22%) Buy AHMEDABAD, JULY 24: RIL’s O2C business provides exposure to volatility in refining/petchem: Following a strong 1QFY27 earnings performance,we see upside risks to Reliance Industries’ (RIL) O2C earnings amid: 1) robust refining GRM, supported by healthy summer demand, 2) refinery disruptions in Russia (refinery runs down 26% YoY in Jul’26), 3) refining capacity…