Reliance Industries' fiscal first quarter consolidated net profit fell short of street expectations, causing the company's share price to drop more than 3% to Rs 2,425 per share on the BSE on Monday. In contrast to expectations for a 100% increase in net profit, Mukesh Ambani's RIL reported a 46% year-over-year increase in net profit to Rs 17955 crore. RIL reported a net profit of $12,272 crore for the quarter ending in April-June of the previous year. The share price of RIL could increase by up to 28% from its most recent close, according to research and brokerage firms, who think that the company's new energy business could start the next phase of growth.