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  5. Reliance Industries shares hit a fresh 52-week low today; here’s why

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Reliance Industries shares hit a fresh 52-week low today; here’s why

Upstox
By Upstox News Desk

2 min read | Updated on March 03, 2025, 21:04 IST

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SUMMARY

The ongoing decline in Reliance's share price has wiped out a significant portion of its market capitalisation, which has fallen from an all-time high of ₹21.77 lakh crore to ₹15.85 lakh crore.

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RELIANCE
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The ongoing decline in Reliance's share price has wiped out a significant portion of its market capitalisation.

The ongoing decline in Reliance's share price has wiped out a significant portion of its market capitalisation.

Shares of billionaire Mukesh Ambani-led Reliance Industries, the country’s most valuable company, have slumped 28% from a 52-week high of ₹1,608.80, hitting a fresh 52-week low of ₹1,156 on Monday, March 3. The stock tumbled as much as 3.67% in intraday deals, emerging as one of the top losers on the 30-share SENSEX, according to stock exchange data.

Market cap erosion

The ongoing decline in Reliance's share price has wiped out a significant portion of its market capitalisation, which has fallen from an all-time high of ₹21.77 lakh crore to ₹15.85 lakh crore. This underperformance is in line with broader market trends, as the NIFTY50 index has corrected 16% from its record high of 26,277.35 amid persistent selling by foreign institutional investors.
Foreign institutional investors (FIIs) have offloaded equities worth ₹1,24,627 crore so far this year, data from the National Securities Depository Limited (NSDL) showed. Analysts attribute this to concerns over global trade, economic slowdown fears, and declining corporate earnings growth.

Regulatory concerns for Reliance New Energy

Hindu Businessline report indicate that Reliance New Energy, a subsidiary of Reliance Industries faces potential penalties of ₹125 crore for failing to meet deadlines under the government’s Production-Linked Incentive (PLI) programme for battery-cell manufacturing.

The company, along with Rajesh Exports, secured bids in 2022 as part of Prime Minister Narendra Modi’s push to reduce India’s reliance on imported electric vehicle components. The PLI scheme, with incentives worth ₹18,100 crore, required firms to achieve specific project milestones, including a minimum 25% local value addition within two years. Both companies failed to meet these commitments.
The Bombay Stock Exchange (BSE) has sought clarification from Reliance Industries, and a response is awaited.

Global trade tensions & Trump’s tariff threats

The sell-off in Reliance Industries also coincides with escalating global trade tensions. US President Donald Trump has threatened reciprocal tariffs on multiple countries, including India, by early April. Meanwhile, tariffs on Mexico and Canada, along with an additional 10% duty on Chinese imports, are set to take effect this week.

The uncertainty surrounding these trade policies, combined with economic slowdown fears, has triggered a sharp correction in Reliance shares.

The stock closed 2.17% lower at ₹1,174 on Monday, March 3.

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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