New Delhi, Oct. 16 -- Reliance Industries shares declined on Friday, October 16, reversing part of their recent gains as investors assessed the implications of the proposed initial public offering (IPO) of Jio Platforms, the company's digital services subsidiary.

The Mukesh Ambani stock fell as much as 2.5% to an intraday low of Rs.1,192.75 on the BSE, despite gaining around 5% over the preceding three sessions. It was trading close to its 52-week low of Rs.1,152.30, recorded in October 2026, and remained around 26% below its 52-week high of Rs.1,611.20, hit in January 2026.

Reliance Industries shares have lost more than 4% over the past month, 9% in three months, 12% in six months and 14% over the past year. Over five years, the stock ...