RIL, ICICI Bank, Infosys, and more: Motilal Oswal names 40 stocks to buy during Q2 earnings season — Check full list
Reliance Industries moved lower in a quarterly results development.
· LiveMint Markets
After steep valuation declines, Motilal Oswal sees an improved risk-reward profile for Indian equities and expects September 2026-quarter earnings to rise 22% across its coverage universe. The brokerage has recommended 26 stocks in its model portfolio.
The analysis
Reliance Industries reported movement of 22%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.7% on the day at ₹1,170.30, and has returned -8.4% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -2.0% over the same period, so Reliance Industries is running 6.4 points behind its peers.
With Reliance Industries, ICICI Bank and Infosys all implicated, this reads as a Oil & Energy-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- It touches several names at once (RELIANCE, ICICIBANK, INFY, MOTILALOFS), which points to a sector-level rather than company-specific driver.
- Sector exposure: Oil & Energy, Banks, IT.
- The immediate tone of coverage reads negative.
In this story
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