Reliance Industries shares in focus as company gets Sebi's warning over alleged insider trading

Shares of Reliance Industries will remain in focus on Tuesday after India’s most valuable company received an administrative warning letter from market regulator Sebi over alleged insider trading by two of its employees and an immediate relative.

The Mukesh Ambani-led conglomerate on Monday shared Sebi’s administrative warning letter dated June 24. In the letter, the market regulator said it conducted an investigation and found that Kamini Jain, connected to an employee named Mahesh Goyal, Hirai Umang Doshi and Harsh Jain had traded shares of Reliance Industries while holding unpublished price-sensitive information, violating provisions of the Sebi Act.

"The aforesaid violation has been viewed seriously by Sebi. Therefore, you are hereby warned for non-compliance with the regulatory provisions laid down by Sebi. You are further advised to be cautious in future and improve your compliance standards to avoid recurrence of instances resulting into violations of extant provisions of law, failing which appropriate action shall be initiated against you in accordance with the provisions of Sebi Act, 1992 and Rules and Regulations framed thereunder," Sebi told RIL in its letter.

Insider trading at RIL?

The market regulator also revealed details about the trades that allegedly took place while in possession of insider information. Harsh Jain on July 5 bought two shares of RIL worth Rs 6,385, while Kamini Jain sold 35 shares of the company at Rs 1.1 lakh on July 10. The next day, she bought 25 shares at Rs 78,871. Hirai Umang Doshi meanwhile sold 15 shares at Rs 47,625 on July 18.


Reliance Industries said it will take necessary steps to address the concern mentioned in the letter. “Sebi’s letter is cautionary in nature and does not impose any financial or operational restrictions on the company,” it added.

Also Read | Reliance Industries gets Sebi warning over insider trades

RIL share price

Reliance Industries shares have gained more than 2% in one week and one month, but have fallen over 16% in 2026 so far and 14% in one year. In the longer term, the shares of India’s most valuable company delivered marginal returns over three years and 25% over five years.

After hitting a 52-week high of Rs 1,611.80 apiece in January this year, the stock tumbled over 22% in around five months to a 52-week low of Rs 1,253.20 apiece last month. The stock recovered around 5% since then to close at Rs 1,321.30 apiece on Monday.

Reliance Industries had a market capitalisation of nearly Rs 17.89 lakh crore at the end of the session on Monday.

Also Read | Reliance Industries gets Sebi warning over employee trades during UPSI period

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