‘I remember being petrified’: Nithin Kamath recalls his 2015 listing alongside Mukesh Ambani as Jio IPO takes centre stage
Reliance Industries is in focus in an infrastructure development.
· Business Today Mkts, LiveMint Markets
Zerodha was among the businesses that benefited from the digital infrastructure that developed over the past decade.
The analysis
Against that, the stock is +0.3% on the day at ₹1,205.90, and has returned -7.3% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -5.5% over the same period, so Reliance Industries is running 1.8 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
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
- 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, Infrastructure.
In this story
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