Mukesh Ambani loses nearly ₹21,000 crore in 5 days:Reliance’s value falls by over ₹1 lakh crore on accusations of Russian crude oil imports

On Friday, January 9, 2026, Reliance Industries Limited’s (RIL) share prices continued downward trajectory trading lower at ₹1,470 apiece on the BSE. This has impacted the oil-to-data conglomerate’s CEO and MD, Mukesh Ambani’s net worth. He has lost nearly ₹21,000 crore in just five days. Ambani holds 0.12% stake in RIL at the individual level. Friday was the fifth consecutive decline in the last five sessions. During these 5 days, the stock has fallen by about 8%. The company’s market cap has decreased by more than ₹1 lakh crore. It has come down to ₹19.89 lakh crore. Stock fell on Russian oil news, company called it wrong This week on Tuesday, a report claimed that three ships filled with Russian crude oil were heading towards Reliance’s Jamnagar refinery. After this news, Reliance shares saw a big intraday fall of up to 5% on that day. However, Reliance completely rejected this report calling it wrong and “baseless”. RIL has announced the date of its third quarter (Q3) results. The company’s board members will review and approve the financial results for the quarter ended December 31, 2025 in a meeting to be held on January 16. According to the exchange filing, an analyst meet will also be organized after the board meeting, where the performance of the current financial year’s nine months will be discussed. How was the performance in the second quarter? Reliance Industries was left with ₹18,165 crore as net profit (consolidated net profit) in the second quarter of financial year 2025-26. This is 10% more than the July-September quarter of 2024-25. Last year, the company had made a profit of ₹16,563 crore. Meanwhile, Reliance generated revenue of ₹2.59 lakh crore from products and services. This increased by 10% on an annual basis. One year ago, in the July-September quarter 2024, the company had generated revenue of ₹2.35 lakh crore. What are the expectations from the results? Analysts believe that the results coming on January 16 will determine the future direction of Reliance’s stock. Investors will particularly focus on the margins of the company’s telecom (Jio) and retail business. Additionally, the margins of the Jamnagar refinery will be important.