By Admin 
Reliance Share Tumbles: The biggest fall in the last seven months was recorded in the shares of Reliance Industries Limited (RIL) on Tuesday. The stock fell 4.5 percent to close at Rs 1,507.60, its lowest level since June 4, 2004. Under selling pressure during trading, it fell by 5.1 percent to Rs 1,496.30. Due to this, the market valuation of the company has decreased by about Rs 1 lakh crore.
Many reasons are believed to be behind this decline, the main ones being geopolitical tension, global trade uncertainty and profit-booking. This weakness in the shares came at a time when the company clarified that it has not purchased any crude oil from Russia in the last three months and no delivery is expected in January also.
Pressure increases on Russia-India energy relations
This clarification of Reliance has come at a time when questions are being raised at the international level regarding the energy relations between India and Russia. Meanwhile, US President Donald Trump warned that if India does not stop purchasing Russian oil, tariffs on India may be increased further. This comment of Trump increased the concern of investors regarding geopolitical tension and trade relations, the effect of which was directly visible on the stock market.
Reliance’s official clarification
Reliance Industries on Tuesday said it has not received any crude oil from Russia for nearly three weeks, and there is no possibility of supplies in January also. The company had earlier said on November 20, 2025 that it has stopped processing Russian crude at its special export (SEZ) refinery in Jamnagar, Gujarat to comply with EU sanctions.
It is noteworthy that Reliance was earlier the largest buyer of Russian oil in India. The company used to process crude oil in the huge refining complex of Jamnagar and make products like petrol and diesel. There are two refineries in this complex—
- An SEZ unit from where fuel is exported to the EU, US and other markets
- Second old unit catering to the needs of the domestic market
The European Union is a big market for Reliance and has imposed tough restrictions on the import and sale of fuel made from Russian crude, targeting Russia’s energy revenues. Under these conditions, Reliance has stopped using Russian oil in its export-oriented refinery. Although the stock has seen a huge decline, most market experts still have a positive stance on Reliance. Most of the brokerage firms have maintained ‘buy’ rating on the stock and set a target price of Rs 1,685.
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