RIL selloff wipes off Rs 4 lakh crore from market value as shares drop 21% in 2026 so far. Should you buy now?
Economic Times 1d ago·21 Sept 2026, 5:23 am
Reliance Industries’ shares have fallen about 21% in 2026, erasing roughly Rs 4 lakh crore from its market capitalisation. The decline started after the company disclosed that a new windfall tax on its telecom earnings could cut profitability, and it has been compounded by market speculation around a potential listing of its Jio platform.
The move matters for investors because Reliance forms a large part of many portfolios and index funds, so a sharp correction can affect overall fund performance. The windfall tax, if applied, would increase the cost base for Jio’s operations, while uncertainty around the timing and pricing of a Jio IPO adds further volatility.
Going forward, traders will be watching the government’s final stance on the telecom windfall levy, any official timetable for the Jio listing, and the company’s upcoming earnings report for clues on whether the share price has stabilised.
Excerpt from Economic Times
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…Read the original at Economic Times
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Reliance Industries (RELIANCE).
- Category: Company.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for Reliance Industries and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
