Reliance Industries Stock Update: Share Price Slips Amid Market Weakness
Reliance Industries (RELIANCE) share price is trading at ₹1,310.50, down 1.39% today, as the stock slips amid broader market weakness and lingering crude oil concerns.
Reliance Industries (RELIANCE) is currently trading lower in Thursday's intraday session, with its Last Traded Price (LTP) at ₹1,310.50. The stock opened significantly below its previous close of ₹1,329.00 at ₹1,327.80, which also marked its intraday high. It has since drifted lower, touching an intraday low of ₹1,307.20, and is now trading down by -1.39%. Volume remains relatively subdued so far, with 1,015,474 shares changing hands, indicating a lack of strong buying interest to counter the selling pressure. Stocks To Buy or Sell Today, August 13, 2026: Tata Motors, Astral and Lenskart Among Shares in Focus on Thursday.
| RELIANCE – Stock Updates as of (9:37AM, 13 Aug 2026) | |||
|
LTP
₹1,310.50 |
Open
₹1,327.80 |
High
₹1,327.80 |
Low
₹1,307.20 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
1,015,474 |
% Chg
-1.39% |
52-Week Context
While specific 52-week high and low figures are not immediately available as per market data, Reliance Industries touched an all-time high of ₹1,611.80 on January 4, 2026, within the last 52-week period. Today's decline of over 1.3% sees the stock trading significantly below these peak levels, testing crucial intraday support at ₹1,307.20. The current move suggests that the stock is struggling to find buying support at higher valuations, bringing it further away from its recent historical highs and highlighting a period of consolidation or correction.
Latest Developments
The prevailing weakness in Reliance Industries shares during Thursday's trading session appears to be a consequence of broader market cautiousness, coupled with lingering concerns related to crude oil price volatility. Earlier this week, specifically around August 10, Reliance shares experienced downward pressure as a general softening in crude oil prices, fueled by increasing optimism surrounding a potential U.S.-Iran deal, dampened expectations for refining margins. This negative sentiment led to the stock's underperformance relative to the broader market rally observed on Monday, when RELIANCE fell 0.84% while the benchmark Sensex climbed, extending a recent trend of underperformance among major energy constituents.
Despite several positive corporate developments in recent weeks, these have not translated into upward momentum today. Reliance Retail, a key growth driver, recently announced robust revenue growth of 11.8%, achieving a massive ₹3.7 lakh crore in revenue, a significant milestone for India's retail sector. Furthermore, the company had reported better-than-expected Q1 FY27 earnings in late July, buoyed by stronger revenue and margins in its traditional oil-to-chemicals (O2C) business, with brokerages largely giving a 'thumbs-up' to the results and highlighting Jio Platforms as a key future growth driver. However, the current intraday decline suggests that immediate market pressures, possibly profit-booking after the recent positive news or ongoing concerns over the energy segment, are outweighing these longer-term positive narratives. The overall market has seen mixed cues, with some support from easing crude prices and a stable RBI policy outlook, yet a prevailing undertone of weakness driven by rising US yields and global uncertainties contributes to the cautious mood. While analyst rating updates have been frequent, no fresh, significant upgrades or downgrades directly attributed to today's sharp intraday move have been widely disseminated in the past 24 hours.
Outlook
Investors will be closely watching crude oil price movements and the broader market sentiment for any reversal in Reliance Industries. A sustained breach below the current intraday low of ₹1,307.20 could invite further selling, while a bounce back towards the opening price would indicate some recovery in investor confidence.
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 Aug 13, 2026 09:36 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
