Reliance Industries Ltd Falls 1.81%: 8 Key Factors Driving the Weekly Decline

23 February 2026: High-Value Trading Amid Mixed Technical Signals

Reliance Industries Ltd emerged as one of the most actively traded stocks by value on 23 February, with a turnover exceeding ₹584 crore and volume surpassing 40 lakh shares. The stock opened at Rs.1,425.00 and closed at Rs.1,427.90, gaining 0.55%, slightly outperforming the Sensex’s 0.39% rise. Despite this positive price movement, technical indicators presented a mixed picture: the stock traded above its 20-day moving average but remained below longer-term averages, signalling a consolidation phase rather than a clear breakout. Delivery volumes declined slightly, suggesting some waning conviction among long-term holders, though institutional interest remained robust.

24 February 2026: Trading Activity Remains Strong Despite Sector and Market Weakness

On 24 February, Reliance maintained high trading volumes with a turnover of ₹607.86 crore and volume of over 42 lakh shares. The stock closed marginally higher at Rs.1,430.15 (+0.16%), outperforming the oil sector’s 0.23% decline but underperforming the broader Sensex, which fell 0.78%. The price movement was confined within a narrow range, reflecting investor caution amid a sector downturn. Notably, delivery volumes surged by 22.69%, indicating increased investor participation and confidence despite the subdued price action. Technical indicators remained bearish, with the stock trading below all key moving averages, suggesting continued short- to medium-term weakness.

25 February 2026: Price Decline Amid Sector Underperformance and Rising Delivery Volumes

Reliance’s stock price fell sharply by 2.23% to Rs.1,398.20 on 25 February, underperforming both the oil sector, which declined 0.95%, and the Sensex, which gained 0.41%. The stock opened at Rs.1,435.00 and traded within a wide range before closing near the day’s low. Delivery volumes surged by 60.09%, signalling strong institutional accumulation despite the price drop. Technical analysis confirmed a bearish trend with the stock below all major moving averages, reflecting a trend reversal after three days of gains. The combination of high liquidity and increased delivery volumes underscores sustained institutional interest amid a cautious market environment.

26 February 2026: Downgrade to Sell Amid Technical Weakness and Flat Financials

MarketsMOJO downgraded Reliance Industries Ltd from a Hold to a Sell rating on 25 February, citing deteriorating technical indicators and flat quarterly financial performance. The stock closed at Rs.1,405.45 on 26 February, gaining 0.52% intraday but remaining below key moving averages, signalling a bearish trend. The downgrade reflected concerns over flat PAT in Q3 FY25-26, which fell 10.3% compared to the previous four-quarter average, and slowing debtor turnover ratios. Technical momentum shifted from mildly bullish to mildly bearish, with MACD and Bollinger Bands indicating downward pressure. Despite this, delivery volumes rose sharply by 52.75%, suggesting institutional accumulation amid caution.

27 February 2026: Mixed Technical Signals Amid High-Value Trading and Declining Momentum

On the final trading day of the week, Reliance recorded a traded value of approximately ₹1,471 crore on volume exceeding 10 lakh shares. The stock closed at Rs.1,394.30, down 0.79%, underperforming the oil sector’s 0.65% decline and the Sensex’s 1.16% drop. Delivery volumes surged 44.77%, indicating continued institutional interest despite price weakness. Technical indicators presented a complex picture: daily moving averages turned mildly bullish, while weekly MACD and Bollinger Bands remained bearish. The mojo grade stayed at Sell with a score of 47.0, reflecting ongoing caution. This mixed momentum suggests a tentative recovery attempt amid broader market volatility and sector challenges.

Daily Price Performance: Reliance Industries Ltd vs Sensex

Key Takeaways

Robust Institutional Interest: Despite the weekly decline, delivery volumes consistently rose, peaking at over 60 lakh shares on 27 February, signalling strong institutional accumulation and confidence in the company’s medium- to long-term prospects.

Technical Weakness and Downgrade: The downgrade from Hold to Sell by MarketsMOJO on 25 February was driven by deteriorating technical indicators and flat quarterly financials, highlighting caution amid a bearish trend below all key moving averages.

High Liquidity Supports Trading: Reliance maintained high traded values daily, supporting large trade sizes up to ₹34.49 crore, which is attractive for institutional investors despite price volatility.

Sector and Market Headwinds: The oil sector faced pressure throughout the week, with Reliance often underperforming the sector and Sensex, reflecting broader economic and geopolitical uncertainties impacting investor sentiment.

Mixed Technical Momentum: While daily moving averages showed mild bullishness towards week-end, weekly and monthly indicators remained bearish or neutral, suggesting a consolidation phase with uncertain near-term direction.

Conclusion

Reliance Industries Ltd’s performance in the week ending 27 February 2026 was marked by a 1.81% decline amid a challenging market environment. The stock’s high liquidity and rising delivery volumes underscore sustained institutional interest, yet technical setbacks and a downgrade to a Sell rating reflect caution among investors. The mixed signals from technical indicators and flat recent financial results suggest that Reliance is navigating a consolidation phase, with potential volatility ahead. Market participants should monitor upcoming earnings, sector developments, and technical confirmations to gauge the stock’s trajectory. Given its large-cap stature and diversified operations, Reliance remains a key bellwether for the oil sector, but near-term risks warrant a measured approach.

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