Reliance Share Price Today: A Rocky Start to March 3, 2025

 

Reliance Share Price Today: A Rocky Start to March 3, 2025

Welcome to your daily market update! As of 10:36 AM IST on Monday, March 3, 2025, Reliance Industries Limited (RIL), India’s largest private-sector company and a heavyweight in the Sensex and Nifty indices, is making headlines—but not for the reasons its investors might hope. Let’s dive into the latest data, news, and what’s driving RIL’s share price today.

Share Price Snapshot: Hitting a Fresh 52-Week Low

Early trading today saw Reliance shares take a sharp tumble, dropping over 3% to hit a new 52-week low. According to a post on X by 

@businessupturn

 at 10:05 AM IST, the stock breached the ₹1,193.35 mark—its lowest level in the past year, last seen on February 12, 2025 (per cnbctv18.com). By 10:36 AM IST, while exact live prices aren’t available, sentiment on X and web updates suggest it’s hovering around this range, with some recovery attempts likely in play. This follows a closing price of ₹1,199.60 on February 28, 2025, as reported by business-standard.com, down 0.62% from ₹1,207.05.

The decline extends a rough patch for RIL, which has shed over 6% in the past week and more than 22% from highs of ₹1,600 seen in July 2024 (noted by 

@Jambwal_HM

 on X). With the stock now at levels not seen in four years, as 

@Sudh_Luv4Equity

 pointed out, investors are asking: Is this a buying opportunity or a sign of deeper trouble?

What’s Driving the Drop?

Several factors are weighing on Reliance today:

Market Sentiment and Index Pressure: The broader Indian market is shaky, with the Sensex up modestly today (over 190 points to 73,389 by 10:02 AM IST per Times Now) but still reeling from a 6.13% year-to-date decline (tradingeconomics.com). Reliance, a key index driver, is feeling the heat. Posts on X from February 28 (

@stockskibaat

) linked last week’s breakdown below ₹1,200 to MSCI index rejig outflows, a pressure point that may still linger.

Battery Unit Fine Rumors: A post by 

@stoxsense

 at 10:06 AM IST flagged a potential ₹125 crore fine for RIL’s failure to set up a promised battery manufacturing unit under the government’s Production-Linked Incentive (PLI) scheme. While unconfirmed by official sources, this speculation has spooked traders, especially given Morgan Stanley’s earlier optimism about RIL’s 10 GWh battery capacity deal (cnbctv18.com, February 20). Execution delays could dent confidence in RIL’s ambitious new energy plans.

Technical Breakdown: Analysts on X, like 

@vivekgujrati

 and 

@Ravi_Riskmgmt

, note a decisive breach of the psychological ₹1,200 support level—a threshold RIL had clung to in recent sessions. This technical weakness, coupled with a “neutral-to-bearish” trend (livemint.com, February 12), signals more downside risk ahead.

Broader Context: A Tough 2025 So Far

Reliance has underperformed in 2025, delivering negative returns for the first time in a decade, as per etnownews.com’s February 28 report. From a 52-week high of ₹1,608.80 in July 2024 to today’s lows, the stock is down roughly 25%—outpacing the Sensex’s 15% drop (

@Jambwal_HM

). This comes despite brokerage optimism earlier in the year, with Motilal Oswal naming RIL a top pick for 2025 (etnownews.com) and Morgan Stanley setting a ₹1,606 target, implying a 30% upside from mid-February levels (cnbctv18.com).

Recent news offers mixed signals. The Delhi High Court’s February 14 ruling against RIL in a $1.7 billion gas dispute with ONGC (business-standard.com) was a blow, while the February 22 launch of a Campa Cola bottling plant in Assam (livemint.com) and the acquisition of the Velvet shampoo brand (india.com, February 15) highlight growth efforts. Yet, these positives haven’t stemmed the tide of selling pressure.

What to Watch Today

Support and Resistance: The ₹1,200 level, now resistance, will be key. A drop below ₹1,193 could test ₹1,177 (livemint.com, February 25), while a bounce might target ₹1,215 (based on technical levels from livemint.com).

Fine Clarity: Confirmation or debunking of the ₹125 crore fine rumor could sway sentiment. Check official announcements or credible financial news for updates.

Market Cues: With metal and auto sectors lifting the Sensex today (ET Now Swadesh), any spill-over into Reliance’s energy or retail arms could influence its trajectory.

Investor Takeaway

Reliance’s slide to a 52-week low is rattling nerves, but it’s not all doom and gloom. The stock’s 0.83% dividend yield (economictimes.indiatimes.com) and long-term growth in telecom and retail (JPMorgan’s view, etnownews.com) offer some cushion. Still, with technicals flashing red and rumors swirling, caution is warranted. Is this a dip to buy or a trap to avoid? The answer might hinge on how today’s session unfolds.

Stay tuned for updates, and as always, cross-check live prices on NSE/BSE before trading!