Jio parent Reliance Industries breaks silence on Starlink row: 'We have never feared competition’
Reliance Industries is in focus.
· LiveMint Companies, NDTV Profit
Reliance Industries said it welcomes competition, including Starlink, and has never feared rivals. The company emphasized that all satellite communication providers must follow Indian laws and policies, noting that Jio’s own satellite services are awaiting government clearances.
The analysis
Against that, the stock is -0.6% on the day at ₹1,207.50, and has returned -6.2% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -1.7% over the same period, so Reliance Industries is running 4.5 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.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
In this story
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