Reliance Industries Shares Extend Losses, Down 2%

Reliance Industries Ltd, India’s largest conglomerate, saw its shares extend losses by 2% in mid-week trading, adding to a broader decline of more than 8% since January 2026. The stock touched an intraday low of ₹1,448, raising concerns among short-term investors but prompting analysts to describe the move as a consolidation within a long-term uptrend.  

Market experts highlighted that despite near-term volatility, Reliance’s fundamentals remain strong, supported by robust earnings from its energy, telecom, and retail businesses. The correction is seen as an opportunity for medium-to-long-term investors to accumulate shares at lower levels.  

Key Highlights  

• Reliance shares down 2% in latest trading session  
• Stock has declined over 8% since start of 2026  
• Intraday low recorded at ₹1,448 on NSE  
• Analysts suggest strong support around ₹1,380–₹1,440 levels  
• Correction viewed as healthy consolidation within broader uptrend  
• Company posted net profit of ₹18,645 crore in last quarter  

Strategic Impact  
The recent decline underscores investor caution amid global market volatility and domestic macroeconomic factors. However, Reliance’s diversified portfolio across energy, telecom, and retail continues to provide resilience. Analysts note that the correction offers long-term investors an attractive entry point, particularly ahead of potential catalysts such as the anticipated Jio IPO and expansion in AI-driven businesses.  

Sources: The Economic Times, India Today, Mint