Reliance Share Price Crashes to Rs. 1,291, Slides 4.36% on US-Iran War Escalation

Overview

• Reliance share price dropped to Rs. 1,291.60 with strong selling pressure pushing the stock to its lowest level in more than 10 months.

• The stock has corrected nearly 19% from its 52-week high of Rs 1,611.80, showing a clear downtrend despite high liquidity and steady trading volumes.

• New export duties on diesel and jet fuel, along with oil prices near $110, are raising concerns about refining margins and short-term profitability for Reliance.

Reliance Industries (RIL) share price has dropped 4.36% to Rs. 1,291.60 at press time. This fall has pushed the company’s total market value below the Rs. 18 trillion mark. The market cap now sits at about Rs. 17.47 trillion. The stock opened at Rs. 1,359 and hit a low of Rs. 1,290 today, showing immense selling pressure.

Traders looking at the data will see that the stock is now trading at its lowest point in over 10 months. It has corrected by 19% from its 52-week high of Rs. 1,611.80, which it reached back in January. Even though the company has a solid book value per share of Rs. 664.66 and a dividend yield of 0.43, the current market mood is nervous. The price trend is clearly pointing down with a 20-day average volume of over 20 million shares.

Here’s an in-depth analysis of the Reliance Industries share price based on Moneycontrol data.

Why the Stock is Under Pressure

The main reason for this drop is new government rules on fuel exports. The government decided to bring back export duties on diesel and jet fuel (ATF). A tax of Rs. 21.5 per liter on diesel and Rs. 29.5 per liter on jet fuel has been added. This move aims to make sure there is enough fuel for domestic use, but it also hurts the profit margins of large refiners. Since Reliance is a major player in this space, the market is worried about the profitability from its refining business in the coming months.

On top of the local tax news, global events are also playing a part. The ongoing war between the US and Iran in the Middle East is making the oil market very volatile. Oil prices are staying high, near $110 a barrel. Usually, this supports refiners, although in this case, export duties and rising shipping costs are reducing those gains. Reliance has also shifted some production toward LPG to meet local demand, which may lower overall margins.

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Market Outlook and Analyst Views

Despite the current fall, many experts still remain positive about the long-term outlook for Reliance. Out of 33 analysts on Moneycontrol, about 70% continue to give the stock a ‘Buy’ rating. They highlight that a large share of Reliance’s diesel and jet fuel output comes from its Special Economic Zone (SEZ) refinery. In the past, these units have been exempt from certain export duties. If this continues, the actual impact on profits may be lower than what the market currently expects.

For investors, the focus has now shifted to the upcoming Q4 earnings report. Market participants are watching closely to see if the retail and telecom segments can offset the pressure in the oil-to-chemicals business. The stock is currently near a key support level of Rs. 1,300, while the lower circuit limit stands at Rs. 1,215.50, giving traders a clear downside level to monitor.

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FAQs

1. Why did Reliance stock crash?

Reliance share price fell mainly because of new export duties on diesel and jet fuel introduced by the government. These taxes reduce profit margins for refiners like Reliance. At the same time, high oil prices and global tensions are adding pressure. Investors are worried about how these factors will affect earnings in the coming quarters.

2. What is Reliance share price today?

Reliance share price is currently at Rs. 1,291.60, down 4.36% in today’s trading session. The stock opened at Rs. 1,359 but dropped during the day due to heavy selling. It also touched a low of Rs. 1,290, showing that sellers are strong and the short-term trend is weak.

3. What are the key price levels to watch for Reliance shares?

Traders are closely watching the Rs. 1,300 level, which is acting as a key support zone for Reliance stock right now. If the price breaks below this level, it could move toward the lower circuit limit of Rs. 1,215.50. On the upside, the stock needs to regain strength above Rs. 1,350 to signal any recovery.

4. How do oil prices affect Reliance stock?

Oil prices are very important for Reliance because of its refining business. When oil prices rise, revenue can increase, but costs also rise. In the current situation, high oil prices, export duties, and higher shipping costs are reducing margins, which is negative for the stock in the short term.

5. Should I buy Reliance stock?

Investors should remain cautious at current levels, as the stock is under pressure and the market trend is weak. While long-term fundamentals remain high, short-term risks such as export duties and global tensions persist. It may be better to wait for stability or clearer signals before making new investments.