New Delhi: Stock markets around the world are witnessing a huge decline today. US President Donald Trump's tariffs and China's retaliation have left investors in a state of panic. Fears of recession and inflation in the world have increased. The domestic stock market has also fallen heavily. The Sensex fell more than 3,000 points in early trade. This has caused a loss of Rs 19.4 lakh crore to investors. Shares of the country's most valuable company Reliance Industries Limited also fell heavily on Monday. The company's stock on BSE fell by 7.4% to a 52-week low of Rs 1,115.55. With this, the company's stock has now fallen by 12.7% in six trading sessions.
This fall has reduced the company's market cap by Rs 2.26 lakh crore. The company's market cap is now Rs 15.49 lakh crore. Reliance's stock has fallen 21.6% in the last one year, 17.4% in six months and 5.3% in the last one month. The stock has fallen 10% in the last one week itself. Its 52-week high is Rs 1,608.95. The company's stock reached this level on July 8 last year.
What are the experts saying
Technically, the stock is still under pressure. It is trading below all eight major simple moving averages, including the 50-day, 150-day and 200-day SMAs. The 14-day Relative Strength Index is 37.9, which is close to the oversold zone. Reliance is soon going to release its last quarter earnings report. Earlier, many brokerage companies have given their opinion about Reliance's business.
Goldman Sachs says that there is a benefit in buying Reliance shares. The company's EBITDA will remain stable in the fourth quarter of the last financial year. It is expected that the earnings from retail will increase by 6.5%. At the same time, Jio's earnings will see a growth of 4%. Everyone's eyes will be on how retail will grow in FY26 and what updates the company gives on new energy projects. It is estimated that the company's earnings can grow up to 18% in FY26. This will be due to improvement in retail and growth in earnings from Jio.
(Disclaimer: The suggestions given in this analysis are those of individual analysts or broking companies, not of NBT. We advise investors to consult certified experts before taking any investment decision. As stock market conditions can change rapidly.)
