RIL selloff wipes off Rs 4 lakh crore from market value as shares drop 21% in 2026 so far. Should you buy now?
Reliance Industries moved lower.
21 Sept 2026 · ET Stocks, Economic Times Markets
In 2026, Reliance Industries has seen a sharp decline of twenty-one percent in its share prices, wiping out an impressive four lakh crore rupees from its market worth. Analysts recommend that investors should be wary and avoid the temptation to buy during this dip, as the company is currently grappling with windfall tax implications and rising concerns regarding a Jio listing.
The analysis
Reliance Industries reported Rs 4 lakh crore, with movement of 21% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.1% on the day at ₹1,205.20, and has returned -7.5% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved +1.0% over the same period, so Reliance Industries is running 8.5 points behind its peers.
This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date. On the day the stock is -1.1%, so a modest reaction.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
- The immediate tone of coverage reads negative.
In this story
Related coverage
Jio IPO likely by Oct end at enterprise valuation of above ₹12 trillion
Jio IPO GMP latest price today: Grey market premium is rising day by day - Check expected price band
Reliance gets court relief over FSSAI ban on Campa's 'energy drink' label
Jefferies increases weight in Reliance, 2 others; trims weight in 3 stocks in latest model portfolio changes. See list
Reliance Jio IPO: Rs 37,700 crore mega issue, full schedule & 5 must-know details