The Reliance share price hit a 52-week low on Monday, October 12, 2026. Reliance Industries (RIL) dipped to ₹1,153.10 intraday and closed at ₹1,159, down a little over 1% for the day, according to Business Today. At that price the company is worth about ₹15.68 lakh crore.
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Reliance share price 52 week low: key numbers
- Close: ₹1,159
- 52-week low: ₹1,153.10 (intraday, October 12)
- 52-week high: ₹1,611.20 (January 2026), per Business Today
- Fall from the high: about 28%
- Market cap: about ₹15.68 lakh crore
Along with ICICI Bank and L&T, RIL was one of the stocks that did the most damage to the Nifty on Monday, according to CNBC-TV18. And it wasn’t alone at the lows. Moneycontrol counted it among more than 150 stocks that touched 52-week lows that day.
What’s weighing on RIL
Part of it is just size. RIL carries the biggest weight in the Indian indices, and this year’s heavy foreign selling has landed hardest on the largest names. Monday’s sell-off also had the usual backdrop: high US bond yields, Brent crude above $100 and FPIs still pulling money out. Our Sensex today report has the full session.
The other part is specific to Reliance. Business Today’s report notes that RIL’s refining margin premium over the state-run refiners has shrunk. YES Securities puts that down to US sanctions on Venezuelan oil, refinery upgrades at PSU peers and the easy availability of discounted Russian crude in India.
Why some analysts are still bullish
YES Securities, quoted by Business Today, expects RIL to win back a structural gross refining margin (GRM) premium of $3 per barrel over domestic PSU refiners. Here’s how it gets there:
- Venezuelan crude is coming back. Jamnagar used to process 300,000-400,000 barrels a day of Venezuelan Merey-16 crude. Those volumes dropped to negligible levels between 2021 and 2023, but cargoes are moving again through intermediaries authorised by the US OFAC.
- Refining complexity. Jamnagar can run heavy, high-sulphur crudes that simpler refineries can’t handle.
- Earnings sensitivity. On throughput of about 70 million tonnes a year, each $1 per barrel rise in GRM could add roughly ₹4,200 crore to annual EBITDA. A $2-3 improvement could add ₹8,400-12,600 crore.
Target prices
- YES Securities: Buy, ₹1,660 (about 43% above ₹1,159)
- PL Capital: Buy, ₹1,675
- Nomura: Buy, ₹1,690
- Systematix: Buy, ₹1,700
What it means for investors
A 52-week low tells you very little on its own. It can be a warning or a chance, and the reason behind it is what matters. With RIL, we’re looking at two things at once: market-wide foreign selling and a thinner refining edge. The brokerages think the second one is starting to turn.
If you’re weighing a move, see whether the stock holds above its new low, and wait for the Q2 results to show the margin recovery is real. Our guide on 52-week highs and lows explains how to read these levels, and we track the market daily on our Stock Market Today India hub.
Sources: Business Today (Oct 12, 2026, 4:17 PM IST); CNBC-TV18; Moneycontrol. Analyst targets are the brokerages’ views, not recommendations.
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