Elon Musk vs Mukesh Ambani: Why is Tesla, SpaceX CEO attacking Reliance Industries ahead of Jio Platforms IPO launch?
Reliance Industries is in focus in an ipo & listings development.
· LiveMint Markets
Elon Musk vs Mukesh Ambani: Experts believe Tesla, SpaceX CEO is attacking Reliance Industries because his Indian venture Starlink will have to compete with Jio Platforms, which is ready to hit the Indian primary market any…
The analysis
Against that, the stock is -0.7% on the day at ₹1,170.30, and has returned -8.6% 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 -1.5% over the same period, so Reliance Industries is running 7.1 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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