The Reliance share price fluctuated during intraday trading on Wednesday, January 7, amid poor market sentiment after suffering a total loss of more than 5% in the previous two sessions.
Reliance Share Price Movement
Reliance Industries, an oil, telecom, and retail conglomerate headed by Mukesh Ambani, began at ₹1,510 compared to its previous close of ₹1,507.70 and reached its intraday high and low of ₹1,519.95 and ₹1,502.20, respectively. The blue-chip stock was down 0.06% at ₹1,506.85 at 11:15 a.m. At 84,972, the benchmark Sensex for equity was down 0.11%.
Recent Market Performance
Reliance shares saw their worst single-day decline since June 2024, falling 4.42% in the previous session on January 6. In 2025, the large-cap stock surged over 29%, outperforming the Sensex, which rose by 9% the previous year. Before experiencing selling pressure, it reached an all-time high of ₹1,611.20 on January 5 of this year.
📊 Reliance Share Price Snapshot
- Opening Price: ₹1,510
- Previous Close: ₹1,507.70
- Day High: ₹1,519.95
- Day Low: ₹1,502.20
- Intraday Status: Down 0.06% at ₹1,506.85
- Sensex: Down 0.11%
Retail Business Impact
Since the retail industry is one of the conglomerate’s main growth drivers, the company’s shares have witnessed considerable profit booking due to growing competition in the retail sector.
In the meantime, Reliance clarified in an exchange filing on January 6 that “three vessels laden with Russian oil are heading for Reliance Industries Limited’s Jamnagar refinery,” despite the company’s denial of purchasing any Russian oil to be delivered in January, according to a news report published in Bloomberg. The Russia Oil Cargo that was previously connected to Reliance discharged elsewhere has been clarified in Bloomberg’s amended news story.
⚠️ Key Developments to Watch
- Stock Pressure: Over 5% loss in two sessions
- Retail Segment: Increased competition impacting sentiment
- Oil Clarification: Reliance denies January Russian oil purchase
- Jamnagar Refinery: Cargo clarification issued via exchange filing
- Investor Focus: Long-term growth drivers remain intact
Long-Term Growth Outlook
Due to the existence of significant growth drivers, such as Jio and Retail, which are shielded from crude volatility, experts seem optimistic about the company in the long run.
Brokerage View
The buy call on Reliance stock has an immediate long-term target price of ₹1,625, according to Ajit Mishra, SVP of Research at Religare Broking.
“There may be short-term swings, particularly in the news flow. Nonetheless, we think that any little declines can provide a favorable chance to purchase the stock. For long-term investors, we continue to advise buying and see the dips as an opportunity rather than a danger,” Mishra said.
