From ₹228 a GB to ₹7.5: How Mukesh Ambani’s Jio rewired India’s internet and is now seeking a ₹10 lakh crore valuation
Reliance Industries is in focus.
· ET Stocks, Economic Times Markets
The company is now asking investors to value it not merely as a telecom operator, but as a broader technology platform spanning 5G, fixed broadband, cloud, entertainment, enterprise services and artificial intelligence.
The analysis
Reliance Industries reported ₹228, ₹7.5 and ₹10 lakh crore. 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 -0.8% on the day at ₹1,202.00, and has returned -9.4% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -3.6% over the same period, so Reliance Industries is running 5.8 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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