RIL Capital Wiped Off: Amidst global uncertainties, the beginning of the year 2026 has not been very good for Reliance Industries. Since the beginning of the new year, there has been a decline of about seven percent in the shares of the company, due to which the market capitalization has decreased by about Rs 1.4 lakh crore. The main reasons for the pressure on Reliance’s shares are believed to be increased concerns regarding the purchase of Russian crude oil and slowdown in the company’s retail business. This decline has been seen at a time when last year in 2025, this giant company led by Mukesh Ambani had performed brilliantly and its shares had registered a rise of about 29 percent on Nifty.
Why are Reliance shares falling?
Reliance Industries’ December quarter results are to be announced on Friday, but even before that, investors seem cautious. However, most of the brokerage firms are maintaining a positive stance on the company. He believes that in the year 2026, there will be a mixed impact of different sectors on the business of Reliance. While on one hand strong performance is being expected from the energy business, on the other hand there may remain pressure in the retail business.
According to brokerage firm Morgan Stanley, Reliance’s EBITDA may increase by about 10 percent year-on-year in the December quarter, largely due to the possible 16 percent growth in oil-to-chemical (O2C) business. However, due to high depreciation and interest costs, the increase in net profit of the company is expected to be limited to only one percent.
decrease in profits
At the same time, the picture regarding retail business looks a bit weak. Brokerage firm Goldman Sachs has estimated an annual decline of about 10 percent in the sales of Reliance Retail in the December quarter, whereas in the September quarter the growth was 21.3 percent. Morgan Stanley believes that growth in the retail segment may decline to 9 to 10 percent. Apart from this, the impact of demerger of consumer product business can also be seen on the pace of retail business.
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