Jio IPO fever grips telecom stocks: Airtel, Vodafone Idea & others rise up to 4%
Reliance Industries moved higher in an ipo & listings development.
· ET Stocks, Economic Times Markets
Telecom stocks rose sharply on as investors focused on Jio Platforms’ upcoming IPO and its implications for sector valuations. Nomura estimates Jio’s equity value at Rs 9.8 lakh crore to Rs 10.3 lakh crore, while its analysis suggests Bharti Airtel trades at a discount despite stronger subscriber trends and tariff-hike prospects.
The analysis
Reliance Industries reported Rs 9.8 lakh crore, with movement of 4% attached to those lines. 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 +3.5% on the day at ₹1,215.10, and has returned -6.4% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -1.3% over the same period, so Reliance Industries is running 5.1 points behind its peers.
With Reliance Industries, Bharti Airtel and Vodafone Idea all implicated, this reads as a Oil & Energy-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- It touches several names at once (RELIANCE, BHARTIARTL, IDEA), which points to a sector-level rather than company-specific driver.
- Sector exposure: Oil & Energy, Telecom & Media.
In this story
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