Reliance Industries shares down over 15% from peak. Can Q4 results, Jio IPO turn things around?
- Posted on April 23, 2026
- By Business News Today
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- 1 min read
Reliance Industries shares down over 15% from peak. Can Q4 results, Jio IPO turn things around?
Reliance Industries Ltd is heading into a crucial Q4 earnings week after its stock fell 15% from its peak, erasing about Rs 3.37 lakh crore in market value. The decline has also impacted Mukesh Ambani, whose net worth dropped to $91 billion, causing him to lose his position as Asias richest person to Gautam Adani. Investors are now looking to the upcoming results for a trigger to stabilize the stock.
