Reliance Industries Ltd. is off to a bruising start to the year, with shares down more than 6% as investors digest weak retail outlooks and tougher US rhetoric on India’s Russian oil purchases — putting the onus on upcoming earnings to arrest the slide.

Reliance Industries shares are down over 6% this year as weak retail demand and US scrutiny of Russian oil weigh on sentiment ahead of earnings.

Jefferies added that if US sanctions on Venezuela are lifted, Reliance could again buy Venezuelan crude oil at cheaper rates. In the past, Reliance sourced around 20 percent of its daily crude needs from Venezuela at a discount of $5–8 per barrel to Brent crude, which helped improve its refining margins.

The company's stock hit its 52-week high of Rs 1,611.20 in the previous trade. Its 52-week low is Rs 1,115.55. According to BSE Analytics, the stock has given a multibagger return of 537.01 per cent in 10 years, but it has corrected 4.54 per cent on a year-to-date basis.

Reliance Jio Platforms is nearing a public listing as bankers draft IPO papers and key decisions on float size and valuation take shape.

Reliance Industries clarifies that the KG-D6 government claim is $247 million, not $30 billion, with ongoing arbitration and forthcoming tribunal award anticipated in 2026.

Reliance Industries denied any link between Russian oil reports and its 4% share price fall, clarifying no crude purchase for January delivery.

The selloff so far this year has wiped about $15 billion (nearly ₹1.3 trillion) off the company's market value, making it one of the stock's worst starts to a year in recent memory

Reliance Industries says it may buy Venezuelan crude if allowed, as geopolitics reshape oil flows and analysts flag potential gains for India’s largest private refiner.