Reliance Industries Ltd shares continued their downward trend, ending 1.39% lower at Rs 1394 on January 20, 2026. The decline reflects investor caution following muted earnings performance and pressure on refining margins. Despite strong telecom and retail operations, weakness in core energy businesses weighed on overall market sentiment.
Reliance Industries Ltd, India’s largest conglomerate, saw its shares extend losses in Tuesday’s trading session, closing at Rs 1394, down 1.39%. The decline follows recent quarterly results that showed subdued revenue growth and weaker refining margins, prompting investors to reassess near-term prospects. While the company’s telecom and retail divisions continue to deliver robust performance, its energy and petrochemicals businesses remain under pressure due to global market volatility.
Key highlights from the announcement include
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Reliance shares ended at Rs 1394, down 1.39% from the previous close.
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Stock has been under pressure following muted quarterly earnings.
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Weak refining margins and global commodity trends impacted investor sentiment.
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Telecom and retail businesses continue to provide long-term growth support.
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Reliance remains one of the most actively traded stocks on the Sensex and Nifty.
The decline underscores investor concerns about Reliance’s near-term outlook, particularly in its core energy operations. However, analysts note that the company’s diversified portfolio and strong presence in consumer-facing businesses provide resilience, positioning it for recovery once global market conditions stabilize.
Sources: Reuters, Economic Times, Business Standard