# Goldman Sachs maintained its buy rating on Reliance Industries.

*business · news · 2026-04-28 · Times of India*

## Key points

- Goldman Sachs attributes Reliance Industries' Q4FY26 EBITDA miss to weak O2C margin capture.
- HSBC cut Shriram Finance's AUM growth estimates for FY26-FY28 to 16% due to weaker monsoon.
- Jefferies upgraded IndusInd Bank earnings estimates, citing better treasury and lower operating expenses.
- UBS reduced margin and fee income assumptions for IDFC First Bank after multiple one-offs impacted PAT.

**Companies:** Goldman Sachs, Reliance Industries, Axis Bank, Shriram Finance, IndusInd Bank, IDFC First Bank
**Countries:** India, United States

[Read the full story on Times of India](https://timesofindia.indiatimes.com/business/india-business/ril-axis-bank-more-top-stocks-to-watch-on-april-28-2026/articleshow/130567807.cms)

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