India's Reliance Industries logs worst day since June 2024

Shares of Reliance Industries RELI.NS closed 4.5% lower at 1,507.6 rupees to register their biggest drop since June 4, 2024

*RELI briefly fell as much as 5.1% to 1,496.30 rupees earlier in the day - the lowest level since Nov 11

Co on Tuesday says it is not expecting any Russian crude oil deliveries in January and has not received such cargoes in the past three weeks

Trump on Monday said the U.S. could raise tariffs on Indian goods if New Delhi doesn't meet Washington's demand to curb purchases of Russian oil

*CLSA removed RELI from its India model portfolio, adding to bearish sentiment on the stock,

Avg rating of 34 analysts covering the stock is "buy", median PT is 1,685 rupees - data compiled by LSEG

RELI rose 29.2% in 2025, outpacing 10.5% gains in benchmark Nifty 50 index .NSEI

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