Reliance shares may be a cheaper way to buy Jio Platforms after its listing
Reliance Industries is in focus in an ipo & listings development.
· LiveMint Markets, Business Standard Mkts
Reliance Industries' share price is seen implying anywhere between 25% and 36% discount on its two-thirds stake in Jio Platforms, which is set to IPO this month.
The analysis
Reliance Industries reported movement of 25% and 36%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.5% on the day at ₹1,177.10, and has returned -7.5% 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 -0.0% over the same period, so Reliance Industries is running 7.5 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.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
In this story
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