Jio Platforms share price: MOFSL, Dolat raise targets post Q2; buy, hold or sell?
Reliance Industries moved higher in a quarterly results development.
· Business Today Mkts
MOFSL said Jio reported in-line revenue growth of 3 per cent QoQ, driven by a 1.5 per cent QoQ uptick in ARPU, net additions of 90 lakh subscribers and a scale-up in digital services.
The analysis
Reliance Industries reported movement of 3% and 1.5%. 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 +6.3% on the day at ₹1,238.00, and has returned -9.9% over three months. It sits 22% below its 52-week high. The oil & energy sector has moved -5.7% over the same period, so Reliance Industries is running 4.2 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
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Reliance Industries (Jio) (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries (Jio) -9.9% against Oil & Energy -5.7% (4.2 points behind).
- Trading well above normal today: Reliance Industries (Jio) at 2.8 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Jio)RELIANCE · Oil & Energy | ₹1,238.00 | +6.3% | -1.9% | -9.9% | -22.3% | 2.8× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Prices as of 2 Nov 2026, 09:57 IST. Sector moves are the average of the stocks we track in each sector.
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