Posted on February 12, 2025, by Niftynews
The Reliance share price has hit a 52-week low, falling over 3% on Wednesday, February 12, 2025, and extending its decline to the fourth consecutive session. The stock dropped by as much as 3.31%, reaching a fresh 52-week low of ₹1,193.65 per share on the BSE, reflecting increased selling pressure on the energy-to-telecom giant.
Reliance Share Price Performance Amid Selling Pressure
The Reliance share price has been under consistent pressure in recent sessions. Over the past week, the stock has dropped by more than 6%, while in the last month, it has lost over 3% of its value. On a one-year basis, Reliance share price has fallen by more than 17%, which has led many investors to re-evaluate their positions in the stock.
The ongoing decline in Reliance share price is also mirrored in the broader Indian market. The Sensex crashed over 800 points in the morning trade on February 12, while the Nifty 50 slipped more than 1% to dip below the 22,900 level. The negative sentiment surrounding Reliance Industries contributed to the market’s downward momentum, dragging Indian stock market indices lower for the sixth consecutive session.
Reliance Share Price and Market Capitalisation
The fall in Reliance share price has significantly impacted the overall market capitalisation of BSE-listed companies, which dropped to nearly ₹400.5 lakh crore from ₹408.5 lakh crore in the previous session. This decline represents a loss of approximately ₹8 lakh crore for investors in a single trading day, reflecting the broader challenges in the Indian stock market and the heavy reliance on stocks like Reliance for market movement.
The Reliance share price‘s heavy selling volume also adds to the ongoing market weakness. Around 72 lakh Reliance shares changed hands on the stock exchanges on February 12, surpassing its one-week average of 93 lakh shares. This increased activity highlights the growing investor concern surrounding the stock’s performance and outlook.
Why is Reliance Share Price Falling?
Several factors are contributing to the recent fall in Reliance share price. Reliance Industries has faced headwinds due to challenges in its key business segments, including its energy and telecom divisions. Additionally, the stock market’s current volatility, mixed global cues, and concerns over the company’s future growth have contributed to Reliance share price‘s decline.
Should You Buy Reliance Shares After the Fall?
For potential investors, the sharp drop in Reliance share price may seem like an opportunity, but it comes with its own risks. From a technical analysis perspective, Reliance stock has tested a crucial support level around ₹1,200 in recent sessions. According to Milan Vaishnav, CMT, MSTA, founder of Gemstone Equity Research & Advisory Services, Reliance share price remains in a neutral-to-bearish trend.
Vaishnav notes that on the daily charts, Reliance Industries stock has significant pattern support at the ₹1,200 mark, which also aligns with its 200-week moving average. “If Reliance stock breaks below the ₹1,200 support level and closes beneath it, we could see further bearish momentum,” he cautioned. On the other hand, if the stock manages to stay above ₹1,200, there is potential for a technical rebound.
Reliance Share Price Technical Outlook
At 10:50 AM on February 12, Reliance share price was trading 1.91% lower at ₹1,211.00 per share on the BSE. Investors will closely monitor how Reliance stock behaves around the ₹1,200 support level. If Reliance share price manages to hold above this key level, it could see some recovery in the near term, but any break below ₹1,200 could trigger further selling.
Additionally, analysts are keenly watching the company’s financial performance, especially considering that Reliance Industries is a major index heavyweight and a key contributor to the broader Indian stock market performance. A rebound in Reliance share price could help lift market sentiment, while a continued decline could drag the overall market further down.
Reliance Shares: Should You Hold or Sell?
For existing shareholders, the decision to hold or sell Reliance shares will depend on their investment horizon and risk tolerance. If the stock manages to stabilize above the ₹1,200 support level, it could be an opportunity to hold or buy more, anticipating a recovery.
