6 brokerages slash target price for RIL shares; here’s why

MUMBAI: Disappointing performance of the mainstay oil-to-chemicals (O2C) business weighed on Reliance Industries NSE -0.86 % Ltd’s overall earnings for the September quarter, triggering target price cuts for its shares.

Post the earnings, six brokerage houses have revised down their price target for shares of RIL NSE -0.86 %.

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