Reliance Industries Stock Fall: Fall in Reliance’s shares, Rs

By Samira Vishwas On Jan 15, 2026

Reliance shares in ‘slow motion’ at the start of the year
The share price fell by about 7 percent
A decline in market capitalization of approximately Rs 1.4 lakh crore

Reliance Industries Stock Fall: Amid global uncertainty, 2026 has not been a particularly good year for Reliance Industries. Since the start of the new year, the company’s share price has fallen by around 7 percent, shedding roughly Rs 1.4 lakh crore in market capitalisation. The main reasons for the pressure on Reliance shares are believed to be heightened concerns over Russian crude oil purchases and a slowdown in the company’s retail business. The decline comes at a time when the Mukesh Ambani-led giant has performed exceptionally well in 2025, with its shares rising nearly 29 percent on the Nifty.

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Reliance Industries is due to announce its December quarter results on Friday, but investors are cautious ahead of that. However, most brokerage firms are positive about the company. He believes that Reliance’s business will be impacted by the mix of sectors in 2026. While the energy business is expected to perform well, the retail business may remain under pressure. According to brokerage firm Morgan Stanley, Reliance’s EBITDA in the December quarter could grow by around 10 per cent year-on-year, mainly due to 16 per cent growth in oil-to-chemicals (O2C) business. However, the company’s net profit growth is expected to be limited to just 1 percent due to higher depreciation and interest expenses.

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Meanwhile, the retail business picture looks somewhat weak. Brokerage firm Goldman Sachs has forecast Reliance Retail’s sales to decline by around 10 per cent year-on-year in the December quarter, compared to a 21.3 per cent growth in the September quarter. Morgan Stanley believes retail sector growth could slow to 9-10 percent. Moreover, the merger of consumer products business may also affect the growth of retail business.