On February 19, 2026, Reliance Industries Ltd (NSE: RELIANCE) shares fell 1.4%, trading at ₹1,423.10 by 12:09 PM IST. The decline followed an early session high of ₹1,443, with volumes crossing 1.76 million. Analysts attribute the dip to profit booking and sectoral weakness across energy and telecom.
Key Highlights
Midday Decline: Reliance Industries shares slipped 1.4% to ₹1,423.10 as of 12:09 PM IST, erasing early gains. The stock opened at ₹1,443 but faced selling pressure through the morning session.
Market Context: At 11:57 AM IST, shares were down 1.17% at ₹1,424.50, with a market capitalization of ₹19.27 trillion. Trading volumes stood at 1.7 million shares, reflecting active investor participation.
Sectoral Influence: Weakness in energy and telecom sectors weighed on Reliance, a heavyweight in both. Analysts note that profit booking after recent rallies contributed to the decline.
Valuation Metrics: Reliance currently trades at a P/E ratio of 23.18, with EPS at ₹61.49, highlighting strong fundamentals despite short-term volatility.
Investor Sentiment: The dip comes amid cautious optimism, with traders balancing Reliance’s long-term growth prospects in retail, telecom, and energy against near-term market pressures.
Contextual Insights
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Reliance’s intraday volatility underscores the sensitivity of heavyweight stocks to broader market sentiment.
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Analysts expect continued resilience, but short-term corrections are likely as investors lock in profits.
Sources: Reuters, The Economic Times, CNBC TV18, Moneycontrol