Shares of fell by 5 per cent on Tuesday, underperforming the broader market, after a media report triggered confusion over the company’s crude oil sourcing and
A Bloomberg news report claimed three vessels carrying Russian crude oil were heading to Reliance’s Jamnagar refinery.
Reliance Industries strongly denied the report on X, calling it “blatantly untrue,” and said it had neither received any Russian oil cargo at the Jamnagar refinery in the past three weeks nor was expecting any deliveries of Russian crude in January.
It ended at ₹1,507.60 on the NSE, hitting a low of ₹1,496.30 against the previous close of ₹1,578.10. On Monday, it scaled to a record high of ₹1,611.80.
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