Reliance Industries Share Price Declines Over 7%, Reaches New 52-Week Low

Market Performance

On April 7, Reliance Industries Limited (RIL) shares saw a steep decline, mirroring a broader global selloff in equity markets. The stock dropped more than 7% during intraday trading, touching a 52-week low of ₹1,115.55 on the BSE. The session opened at ₹1,125, lower than the previous close of ₹1,204.70, and reached an intraday low before recovering slightly to trade 4.80% down at ₹1,146.85 around 10:30 AM.

This fall came as Indian equity markets faced a sharp downturn. The benchmark Sensex fell by nearly 4,000 points, while the BSE Midcap and Smallcap indices recorded losses of up to 10% in early trade.

Recent Stock Trend

After gaining 6% in March, Reliance Industries’ share price has fallen over 10% in April. The stock has now declined approximately 31% from its 52-week high of ₹1,608.95, which was recorded on July 8 of the previous year.

Company Overview

Reliance Industries is one of India’s largest conglomerates, operating across diverse sectors, including energy, petrochemicals, retail, and telecommunications. The share price movement on April 7 highlights the sensitivity of large-cap stocks to global and domestic market volatility.

Summary

Reliance Industries witnessed a significant drop in share price amid widespread market losses on April 7. With a fall of over 7% intraday and a new 52-week low of ₹1,115.55, the company’s stock performance aligned with the broader decline across Indian equity indices. The stock’s recent dip follows a gain in March and a substantial correction from its July 2024 high.