Reliance Industries faced notable volatility, as the RIL’s share price fell sharply during the last six days and reached a 52-week low. It performed better than its sector despite this decline. On Monday, April 7, the blue-chip company Reliance Industries Ltd. (RIL) saw significant selling pressure following a global selloff that swept across stock markets. Reliance Industries shares dropped nearly 4% on Friday as stock markets reacted to uncertain global trends following former US President Donald Trump’s tariff announcement.
RIL shares opened at Rs 1,240 and fell to an intraday low of Rs 1,192.85 in the afternoon session. On Monday, April 7, the Reliance Industries share price of the Mukesh Ambani-led corporation fell more than 7% to a new 52-week low of ₹1,115.55 on the BSE. RIL’s stock has been down 6.35% in the last five days. Over the past year, the RIL share price has declined 17.98%, and in the last six months, it has fallen 13.46%. In contrast to its previous finish of ₹1,204.70, Reliance’s share price began at ₹1,125. It then plummeted as much as 7.4% to reach its 52-week low of ₹1,115.55. However, the heavyweight stock reduced its losses and was down 4.80% at ₹1,146.85 at 10:30 AM.
Factors Behind the Decline of Reliance Industries Ltd. Stock
The Impact of U.S. Trade War Concerns on Global Markets: The ongoing trade war between the U.S. and other global powers has created an environment of instability in the financial markets. Tariffs and retaliatory actions have disrupted global supply chains, which has led to a drop in investor confidence. This uncertainty has affected stock prices worldwide, including those of major Indian companies, especially those of Reliance Industries Ltd., which have been significantly impacted by the flight of international investors from stocks to gold and bonds in search of safety.
Sector-Specific Issues: While Reliance Industries Ltd. remains one of India’s largest and most diversified conglomerates, the company must address sector-specific challenges in its telecom (Jio) and petrochemical divisions to maintain its competitive edge. Market volatility in oil prices and fierce competition in the telecom sector could hinder its ability to sustain profitability in these key areas.
Decline in Global Economic Outlook: As concerns about a global recession and declining consumer spending intensify, businesses with a global presence—such as Reliance Industries Ltd.—face significant challenges. These companies may witness a decline in profits as the economic uncertainty grows and consumer behavior shifts. Reliance, known for its major consumer-facing sectors like retail and telecom services, is particularly vulnerable. As consumers reduce their spending in response to economic pressures, Reliance could experience a slowdown in growth across these key areas.
Profit-Taking and Market Sentiment: Reliance shares have had a correction following a period of notable gain as investors take profits, which is typical in erratic markets.
Brokerages Weigh In on What’s Next for RIL
In anticipation of steady core earnings for Q4, Goldman Sachs has kept its “Buy” rating on RIL. The brokerage projects that Jio’s revenue will increase by 4% per quarter, while RIL’s retail business revenue (excluding connectivity) will expand by 6.5% annually. According to Goldman Sachs, a resurgence in the retail sector and Jio’s impressive performance will help RIL’s earnings expand by 18% in the fiscal year 2026. According to the brokerage, investors will pay close attention to RIL’s FY26 retail growth projections and updates on its new energy initiatives.
Macquarie, after first adopting a cautious approach to RIL, has since shifted its position and become more hopeful. Between FY25 and FY27, the brokerage projects that RIL’s earnings will increase at a compound annual growth rate (CAGR) of 15–16%. When compared to the low 2% CAGR it had predicted for FY23–FY25, this represents a significant improvement. Additionally, Macquarie has increased its RIL share price estimate to Rs 1,500. A sum-of-the-parts (SOTP) model is currently used to evaluate RIL, taking into account potential spin-offs within the organization. The brokerage anticipates that Jio, retail, and the energy sector would all contribute to development.
JPMorgan has adopted a different strategy, concentrating on RIL’s foreign bonds. RIL’s 2032 and 2045 bonds have been upgraded to “Overweight,” based on the company’s robust financial standing, high liquidity, and well-diversified business strategy. JPMorgan also believes that ongoing legal issues, such as the gas dispute with the government, will not have a major impact on RIL’s overall financial performance. The brokerage added that any negative reaction in bond prices due to legal uncertainties could create buying opportunities for investors.
Reliance stock: What do tech charts indicate?
According to equity research experts, Reliance has broken below the key support level of ₹1,200 and is trading near ₹1,145.
Before a directional move appears, we expect a period of consolidation in the ₹1,100–1,200 range based on the current chart structure. While traders are recommended to remain careful due to high volatility, long-term investors may want to try accumulating at the suggested support levels. Investors should keep an eye on the company’s performance in the upcoming quarters and the overall global economic landscape, as these factors will play a critical role in determining the stock’s direction.
Optimistic Outlook for RIL: Despite recent volatility, Reliance Industries (RIL) remains optimistic about its prospects for the next 6 to 12 months. Key factors contributing to this positive outlook include anticipated turnaround in group EPS, the successful commissioning of renewable energy projects, and continued progress towards the retail business spin-off. According to the latest insights, these developments are expected to positively impact RIL stock sentiment. The next 6 to 12 months look promising for RIL , with a strong potential for positive growth in its core segments, particularly in retail and renewable energy. As RIL continues to focus on these high-potential areas, investors should remain optimistic about the stock’s future performance.