Jio Platforms lists on NSE as 3,138th company, making Ambani family proud with a 21.36% surge
NSE moved higher.
· ET Stocks, Economic Times Markets
Jio Platforms became the 3,138th company to list on the NSE after a significant public offering. The listing resulted in a notable 21.36% increase, making Jio the second most valuable Indian company. Mukesh Ambani expressed strong emotions as he witnessed his children outline their vision for the future. Following the listing ceremony, the family visited a temple and celebrated with a drone show.
The analysis
NSE reported movement of 21.36%. 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 -3.2% on the day at ₹1,158.00, and has returned -8.7% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -4.8% over the same period, so Reliance Industries is running 3.9 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
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: Reliance Industries (Mukesh Ambani) (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries (Mukesh Ambani) -8.7% against Oil & Energy -4.8% (3.9 points behind).
- At least 25% below the 52-week high: Reliance Industries (Mukesh Ambani) (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Mukesh Ambani)RELIANCE · Oil & Energy | ₹1,158.00 | -3.2% | -3.3% | -8.7% | -27.3% | 1.5× | — |
Oil & Energy
1M -4.6% · 3M -4.8%
Reliance Industries (Mukesh Ambani)
Prices as of 28 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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