INDIA MARKET LENS
◆ MixedIPO & Listings

Jio IPO listing: Likely impact on Bharti Airtel, RIL shares; MOFSL sees re-rating ahead

Reliance Industries is in focus in an ipo & listings development.

7 Oct 2026 · Business Today Mkts

MOFSL said RJio is the market leader in both wireless and home broadband and has greater influence over the industry's pricing architecture, but added that Bharti offers superior free cash flow generation.

Against that, the stock is -1.1% on the day at ₹1,205.20, and has returned -7.5% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved +1.0% over the same period, so Reliance Industries is running 8.5 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.

  • Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
  • The company directly in focus is RELIANCE.
  • Sector exposure: Oil & Energy, Telecom & Media.
RELIANCEBHARTIARTLOil & EnergyTelecom & Media