Reliance Industries Share Prices: RELIANCE Up Marginally Amid Battery Component Talks

Reliance Industries (RELIANCE) is witnessing a largely flat trading session today, with its shares currently trading at ₹1,322.90. This marks a marginal gain of +0.02% from its previous close of ₹1,322.70. The stock opened the session at ₹1,318.70 and has since traded within an intraday range of ₹1,312.60 (low) and ₹1,326.60 (high). Volume appears subdued, with 1,737,650 shares traded so far, suggesting a lack of aggressive directional bets in the early hours of trade.

RELIANCE – Stock Updates as of 10:00am, 20th May 2026

52-Week Context

In the broader 52-week context, Reliance Industries has seen its shares fluctuate significantly. The stock's 52-week high stands at ₹1,611.80, while its 52-week low is ₹1,290.00. Today's trading price of ₹1,322.90 places Reliance closer to its annual low, just 2.5% above the 52-week bottom, and significantly off its 52-week peak. The current intraday movement is not testing any key annual resistance levels but remains firmly within the lower end of its yearly trading range. The stock has experienced a decline of approximately 8.34% over the last year and has even slipped in global market capitalization rankings, falling to around 106th globally from higher positions earlier in 2025 and 2026, reflecting a prolonged domestic equity selloff and foreign outflows from Indian equities.

Latest Developments

The modest movement in Reliance shares today comes against a backdrop of several recent developments.

Of particular note is the news from May 19, 2026, indicating that Reliance Industries is actively engaged in discussions with Chinese battery giant CATL and other global suppliers. The objective is to procure components for its battery energy storage systems (BESS) at its upcoming facility in Jamnagar, Gujarat. This strategic move is crucial for Reliance as it accelerates its renewable energy ambitions, especially given previous roadblocks with other partners and tightening Chinese tech export curbs. Analysts suggest these talks could establish a vital secondary source for battery components, bolstering the company's clean energy transition plans.

Concurrently, the Supreme Court of India on May 19, 2026, commenced the final hearing of Reliance Industries' appeal in the long-standing Krishna-Godavari Basin gas migration dispute with the Centre. Reliance, along with its partners, is challenging a Delhi High Court verdict that had set aside an arbitral award in their favour. The company is refuting claims of siphoning gas from state-owned ONGC blocks, arguing that gas flow was a natural physical phenomenon. The ongoing hearing represents a significant legal event, though its immediate market impact appears limited as the proceedings are still underway.

Furthermore, there was notable options activity on May 19, 2026, with a significant number of call contracts traded at a strike price of ₹1,380 for the May 26, 2026 expiry. This indicates some speculative interest in an upward move, despite the stock experiencing a three-day losing streak prior to today's session.

Outlook

For the remainder of the session, investors will likely monitor developments from the Supreme Court hearing and any further updates regarding Reliance's battery component procurement, as these could influence sentiment. The stock's ability to hold above its intraday low and potentially push towards its high will be key technical indicators.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on May 20, 2026 09:57 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).