Reliance Industries Stock Update: Share Price Hits Fresh 52-Week Low

Reliance Industries (RELIANCE) is currently trading lower, extending its losses in the ongoing session, with shares quoted at ₹1,190.00. This marks a 0.63% decline from its previous close of ₹1,197.60. The stock opened marginally higher at ₹1,193.80 before witnessing selling pressure, hitting an intraday high of ₹1,198.30 and a new 52-week low of ₹1,190.00 today. Volume remains active, with 1,335,344 shares traded so far, indicating heightened investor interest amidst the decline.

52-Week Context

Today's trading session sees Reliance Industries hitting a fresh 52-week low of ₹1,190.00, pushing below the ₹1,197.00 mark recorded on Monday. The stock has been under considerable pressure, with its shares already down approximately 24% year-to-date, significantly underperforming the broader Sensex, which has seen a nearly 15% decline over the same period. This continuous slide places Reliance in a critical zone, testing key support levels as market sentiment remains weak.

Latest Developments

The primary driver behind Reliance Industries' current downward trajectory appears to be a broader market sell-off that gripped Indian equities on Monday, September 28, 2026, and continues to influence sentiment today. The BSE Sensex and Nifty 50 both experienced sharp declines, with concerns stemming from persistently high crude oil prices, rising global bond yields, and ongoing geopolitical uncertainty, particularly the Iran-US conflict. This environment has led to substantial foreign institutional investor (FII) selling pressure across large-cap stocks, including Reliance.

Adding to the company-specific news flow, Reliance Industries is reportedly planning to raise up to ₹10,000 crore ($1 billion) through asset-backed securities (ABS). This proposed deal, which could be one of India's largest such transactions this year, involves securing notes with rental receivables from group entities like Reliance Jio Infocomm Ltd., with an expected coupon rate between 8.35% and 8.40% over a five-year maturity. While this indicates proactive financing strategies, its impact on the stock price in the current weak market environment is being closely watched.

Analysts also point to underlying concerns regarding the growth of Reliance's retail segment, higher capital expenditure, and subdued free-cash-flow conversion as factors contributing to the recent correction, despite the company reporting healthy Q1FY27 earnings. The progress toward a potential IPO for its digital arm, Jio Platforms, for which SEBI issued an observation letter in late August, remains a long-term value-unlocking prospect, but it has not provided immediate support amidst the current market headwinds.

Outlook

For the remainder of the session, investors will be closely monitoring the broader market sentiment, global crude oil prices, and movements in international bond yields. Any further corporate announcements or clarifications regarding Reliance's financing plans could also influence the stock's trajectory.

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 Sep 29, 2026 09:30 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).