Corporate Roundup: Reliance Hits 52-Week Low Amid Tata Steel UK Delays

Reliance Industries shares declined for the ninth consecutive session, hitting a 52-week low of •1,270.60 and eroding approximately •129,000 crore in market capitalization. In contrast, Adani Ports and Special Economic Zone secured a significant 10-year marine services contract for Argentina's first LNG export project, boosting its long-term outlook despite broader market weakness. Jefferies remains bullish on the Adani Group, noting a record capital expenditure of •1.55 lakh crore in FY26 and a disciplined financial structure that supports sustained growth across its power and green energy verticals.

Tata Steel shares dipped over 2% following news that its low-carbon steel project at Port Talbot in the UK may face a delay of six to eight months due to electricity infrastructure challenges. Similarly, Rail Vikas Nigam Ltd (RVNL) continues to face intense selling pressure, with the stock hitting a two-year low after reporting a 59% year-on-year drop in net profit for Q4FY26. Despite securing a new EPC contract worth •221.33 crore from South East Central Railway for signalling works, RVNL has emerged as one of the worst-performing railway stocks in 2026, posting a 36% year-to-date loss.

The Government of India has initiated a disinvestment push, announcing an offer for sale (OFS) of up to a 3% stake in NLC India Ltd at a floor price of •303 per share, roughly 10% below its recent closing price. Amidst the large-cap turmoil, certain small-cap entities showed resilience; Tiger Logistics shares rose 1% following a credit rating reaffirmation and a 34.5% jump in container volumes. Market analysts suggest that while the broader market remains expensive, select small-caps like Rathi Steel & Power continue to offer value, having delivered over 800% returns over a five-year horizon despite the current volatility.