Whalesbook
Reliance Industries Ltd (RIL) shares are trading higher following strong positive commentary from UBS and Motilal Oswal Financial Services. Both brokerages have reiterated 'buy' ratings, with UBS setting a target of Rs 1,820 and Motilal Oswal raising its target to Rs 1,765. The optimism stems from expected improvements in Oil-to-Chemicals (O2C) earnings, strong refining margins, and significant growth potential in RIL's new energy businesses, particularly battery manufacturing. RIL stock has already outperformed the Nifty 50 year-to-date.