Reliance Industries remained in active focus as traders tracked global refining margin signals relative to crude supply patterns and how that impacts near-term integrated energy unit profitability. Analysts also monitored telecom ARPU trajectory as a structural sentiment driver for valuation stability through FY26. Market participants expect domestic flows to continue supporting the stock given stable execution visibility across digital + energy + retail synergies. Brokerage commentary suggests directional upside will need confirmation from incremental pricing clarity, consistent margin delivery and cash generation footprint expansion across upcoming quarterly cycles.