Starlink responds to Reliance, says ‘worked closely with regulators, ready to connect India with high-speed internet'
Reliance Industries is in focus.
· LiveMint Companies
Starlink said it was ready to provide high-speed internet in India after five years of work with regulators and industry partners. Its statement followed Musk’s criticism of Ambani over approval delays. Reliance said it welcomed competition and that Jio’s satellite services also awaited clearances.
The analysis
Against that, the stock is -0.2% on the day at ₹1,164.90, and has returned -9.9% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.7% over the same period, so Reliance Industries is running 4.2 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- In focus: Reliance Industries (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind).
- At least 25% below the 52-week high: Reliance Industries (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings
Reliance Industries Q2 Results 2026 Live: Jio Platforms, RIL to announce Q2 results shortly. Brokerages estimate strong growth
RIL Q2 results: Net profit jumps 40.6% to ₹25,548 crore, beats estimates
Reliance posts 40% rise in quarterly profit
Reliance Retail Q2 profit falls 24.3%, revenue rises 5.8% to ₹80,220 cr