‘Rarest of rare’ bets on Reliance ahead of Jio Platforms’ biggest-ever IPO
Reliance Industries is in focus in an ipo & listings development.
· LiveMint Markets
While nature of the bets ,seldom seen on RIL counter, is unkown , analysts believe clients could be expecting a bounce from fresh lows hit recently by the…
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.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
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