Reliance share price rises 3%, lends support to stock market rally. Do you own it?

Stock Market Today: Reliance share price gained up to 3% in the morning trades on Tuesday, emerging as one of the top contributors to the Indian stock market rally seen today.

Reliance share price movement

Reliance Industries share price saw a strong opening at ₹1,256 on Tuesday, as the Indian stock market resumed trading after an extended weekend, with Monday, too, being a stock market holiday. 

At the time of opening, Reliance share price was up by a sharp 3% as compared to the closing price of ₹1219.30 at the end of the previous trading session. 

Reliance Industries share price, which had dipped to a 52-week or 1-year low of ₹1115.55 a few days back on April 7 amidst US tariff concerns, was rebounding well. RIL shares are up almost 8% in last five trading sessions. Reliance share price thereafter continued to trade with strength during the morning trade, however, it is still trading substantially lower than its 1-year high of ₹1608.95 seen in July 2024.

News flow impacting Reliance share price movement

The news flow around Reliance Industries also remains encouraging. While the pause in Trump tariffs for 90 days itself has reduced global recession concerns, Reliance Industries also acquired Nauyaan Shipyard.

Reliance Industries, on Friday, April 11, said it has completed the acquisition of a further 10% equity stake in Nauyaan Shipyard Private Limited. Reliance share price is thereby reacting to the news on Tuesday since Monday was a stock market holiday.

Reliance Industries in its press release on the exchanges had said that it has completed the acquisition of further 10% equity stake in Nauyaan Shipyard Private Limited (NSPL), a step-down subsidiary of the Company for an aggregate consideration of ₹51.72 crore from Welspun Corp Limited.

Meanwhile, for the quarter ended March 2025, analysts at Elara Capital expect Reliance Industries' consolidated EBITDA to rise 3.5% year-on-year and 0.5% sequentially, mainly driven by a telecom tariff hike and improving retail.

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