Jio IPO GMP rises: Ventura, SMC Global, SBI Securities, 3 others share recommendations
Reliance Industries set out an expansion in an ipo & listings development.
· Business Today Mkts
Jio IPO: Analysts said capex on 5G and other physical infrastructure has already been deployed and cash flow generation is likely to be healthy for Jio going ahead.
The analysis
Against that, the stock is -0.3% on the day at ₹1,211.20, and has returned -6.6% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -3.2% over the same period, so Reliance Industries is running 3.4 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.
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
- Capex decisions are a bet on future demand; the market rewards or punishes them on whether the returns look credible.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Banks, Infrastructure.
In this story
Related coverage
Jio IPO’s grey market hints at 20% listing pop. What are Emkay, SBI Securities saying?
BlackRock, ADIA, Norges seek anchor slots in Jio’s $3.2 bn IPO
Stocks to watch: Jio Fin, Yes Bank, Wipro, L&T Fin, Angel One, Urban Co
Reliance Jio IPO: Apply or not? Should you subscribe to issue after launch or wait for listing? What GMP signals?
Jio IPO: Valuation, GMP & Key Numbers of Ambani’s Telecom Giant Decoded