Reliance Industries Stock Hits At A 16-Month Low, Group Shares In A Freefall

Mukesh Ambani-led Reliance Industries has committed investments worth over ₹7 lakh crore in various sectors, from green energy to AI and retail. But despite these ambitious plans, RIL’s stock is in freefall, hitting a 16-month low of ₹1,156. Since its July 2024 high of ₹1,609, investors have lost a staggering ₹6.13 lakh crore in wealth. Reliance shares are trading below key moving averages and have underperformed broader market indices by over 10 percentage points. Analysts warn that the stock could slip below the ₹1,000 mark, with earnings downgrades in Reliance Retail and weak refining margins fuelling investor pessimism. Adding to RIL’s troubles, its subsidiaries are struggling too — Jio Financial is trading below its listing price, Reliance Industrial Infrastructure has hit a 156-week low, and Network18 is near a 200-week low. Meanwhile, reports suggest that Reliance New Energy could face a ₹125 crore penalty for missing PLI scheme deadlines in battery cell manufacturing.