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The reliance clarifies about the Russian oil barrels coming to Jamnagar. Reliance says no Russian oil barrels are coming to Jamnagar. adding that it didn’t have any committed shipments of Russian crude for delivery in January 2026.

Reliance share price fell on 6^th of January 2026 about 4.46%. Reliance share price on 6^th of January 2026 was Last traded price (LTP) 1507.60 .

Reliance Industries Ltd (RIL) has strongly dismissed reports suggesting that Russian oil cargoes are being delivered to its Jamnagar refinery, calling such claims “blatantly untrue” and misleading. The company clarified that these allegations are entirely baseless and do not reflect its procurement practices. RIL emphasised that its crude sourcing strategy is guided by commercial considerations, regulatory compliance, and long-term supply agreements, and that it remains fully aligned with all applicable international trade norms and sanctions frameworks.

In a firm rebuttal, Reliance stated that speculative reports linking its Jamnagar operations to Russian oil imports are incorrect and risk creating unnecessary confusion about the company’s global sourcing and refining operations. The Jamnagar refinery complex, one of the largest and most sophisticated in the world, processes a diversified basket of crude oils sourced from multiple geographies to ensure operational efficiency and energy security. RIL reiterated its commitment to transparency and responsible business conduct, underlining that any claims to the contrary are not supported by facts and should be viewed with caution.

RELIANCE NEWS BY MONEY CONTROL

– Read the full Moneycontrol article on RIL’s rejection of the Russian oil cargo claims

Trent Q3 business update by Money control

Trent released its  business update for the October-December quarter of FY26 in the post market hours of January 5. The company reported standalone revenue from sale of products at Rs.5,220 crore during the quarter. This marks a 17 percent year-on-year (YoY) rise from the Rs.4,466 crore reported in the same period of the previous financial year.

Notably, the Zudio and Westside-parent’s revenue from operations had risen more than 17 percent YoY to Rs.4,724 crore during Q2 FY26, same as the revenue growth reported in Q3.

Market underperformance: For the year, the stock has been under pressure and slipped sharply compared with broader indices.

Motilal Oswal on Trent:

Motilal Oswal Financial Services noted that the revenue growth reported by Trent is lower than the 20 percent revenue growth estimated by the brokerage. It however noted that the revenue growth remained steady at 17 percent YoY after several quarters of revenue growth deceleration.

Revenue growth is primarily driven by an approximately 28 percent YoY increase in store count, with revenue per store declining around 11 percent YoY, indicating continued cannibalization in store-level sale, it added.

“Trent’s stock price had run up in the last few days (up ~9% since 19th Dec’25) on expectations of a pick-up in revenue growth. A weaker-than-expected number could weigh on the recent stock price recovery as earnings downgrades are likely to continue in the near term,” Motilal said, while keeping a ‘Buy’ call on the stock.

Why the Stock Fell Despite Growth

Q3FY26 report reaction: Trent did report 17% year-on-year revenue growth for the December quarter, but this fell short of what many investors and analysts expected.

Moderating growth concerns: Markets were unimpressed because the pace of growth has slowed, and in some metrics like same-store sales and revenue per square foot, performance wasn’t strong enough relative to high expectations.

High valuation risk: Trent trades at relatively high valuation multiples, so even a modest miss or slowing momentum can trigger steep selling.

Profit-booking & sentiment: Some selling has also been attributed to short-term profit booking after recent gains, as well as broader caution in retail stocks.