Reliance Share Price Hits 52-Week Low Below ₹1,200: Why RIL Stock Is Falling
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Reliance Industries shares fell below ₹1,200 to a fresh 52-week low as a broader market selloff added to pressure on the stock.
Reliance Industries shares fell more than 2% on the Bombay Stock Exchange (BSE) on 28 August, touching ₹1,198 during intraday trade. The move came as the broader Indian market weakened, with the Sensex falling 1.6% to an intraday low of 72,716.
The stock's decline has come despite a strong June-quarter performance. Reliance Industries reported Q1FY27 net profit of ₹20,946 crore, up 16% year-on-year and 23.42% sequentially. Revenue from operations rose 25.41% year-on-year to ₹3,11,850 crore.
The disconnect between earnings and the share price has put investor attention on the quality and sustainability of future growth. Retail's performance, sizeable capital expenditure and weaker free-cash-flow conversion are among the issues being assessed.
Reliance Share Price Performance
On 28 September 2026, Reliance Industries shares ended the session in red, down 2.22%, at ₹1,195.90 apiece.
Reliance Industries has underperformed the broader market across both the year-to-date and one-year periods. The stock’s decline compared with the Sensex is shown below, based on levels around 2:30 pm.
Period | Reliance Industries | Sensex |
|---|---|---|
Year-to-date | -24% | Nearly -15% |
One year | Nearly -13% | Over -9% |
What Is Weighing On Reliance Shares?
Several factors are keeping investors cautious:
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Retail: Growth and margin recovery remain under scrutiny.
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Capital expenditure: Large investments have raised questions about the returns from recent spending.
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Free cash flow: Earnings growth has not brought a similar improvement in free-cash-flow conversion.
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O2C exposure: Crude-price swings and geopolitical uncertainty may affect refining economics and margins.
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Institutional flows: Reliance's large index weighting can magnify share-price moves when institutions cut equity exposure as markets decline.
Jio And New Businesses In Focus
Subscriber momentum continues to support Jio, along with rising average revenue per user. A potential Jio Platforms IPO is also in focus. Greater visibility into the digital business could follow.
The longer-term value proposition still includes Reliance’s consumer and new-energy operations. O2C earnings remain partly tied to refining conditions.
Also Read - Tonbo Imaging Gets SEBI Nod For IPO; Existing Shareholders To Sell Up To 18.09 Million Shares
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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