Mint Explainer: Why is Elon Musk’s Starlink at war with Indian telecom giants?
Reliance Industries is in focus.
· LiveMint Companies
Elon Musk claims Indian ‘oligarchs’ are stalling Starlink’s launch, deepening a fierce battle with Jio and Airtel over spectrum allocation and market control.
The analysis
Against that, the stock is -2.5% on the day at ₹1,177.40, and has returned -7.9% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.3% over the same period, so Reliance Industries is running 7.6 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.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Telecom & Media.
In this story
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