Stocks in news: Reliance Industries, Jio Financial, Tata Tech, HDB Financial and Wipro
Reliance Industries moved lower in a quarterly results development.
· Economic Times Markets, ET Stocks, Business Standard Mkts
Indian equity benchmarks ended lower after a volatile session influenced by strong wholesale inflation and elevated crude oil prices. The Nifty 50 declined, testing the support zone of 22,580-22,620, which might weaken with repeated tests. Several companies, such as Reliance Industries and Tata Technologies, are expected to be in focus due to upcoming quarterly earnings.
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.
This is an Input cost / crude event. India imports most of its crude, so input costs pass through to margins downstream and to the rupee. Producers and consumers of the same input move in opposite directions. On the day the stock is -0.2%, so the price barely moved, which suggests this was expected or is seen as immaterial.
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.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
Market context
- The 4 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 1 of 4 are higher: Wipro leads at +4.3% and Tata Technologies trails at -1.8%.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind); HDB Financial Services -26.8% against Financial Services -14.9% (11.9 points behind); Wipro +6.4% against IT -3.1% (9.5 points ahead); Tata Technologies -13.9% against IT -3.1% (10.8 points behind).
- At least 25% below the 52-week high: Reliance Industries (27%), HDB Financial Services (36%), Wipro (27%) and Tata Technologies (26%).
| 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× | — |
| HDB Financial ServicesHDBFS · Financial Services | ₹498.55 | -0.2% | -19.8% | -26.8% | -35.5% | 0.2× | — |
| WiproWIPRO · IT | ₹198.31 | +4.3% | +25.1% | +6.4% | -27.3% | 1.3× | — |
| Tata TechnologiesTATATECH · IT | ₹647.10 | -1.8% | -8.5% | -13.9% | -26.4% | 0.5× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
Financial Services
1M -8.8% · 3M -14.9%
HDB Financial Services
IT
1M +5.2% · 3M -3.1%
Wipro, Tata Technologies
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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