Jio IPO: Nithin Kamath explains how Jio played an important role in making what Zerodha is today
Reliance Industries moved higher in an ipo & listings development.
· Economic Times Markets
Zerodha CEO Nithin Kamath has credited Reliance Jio and Airtel with helping build India’s digital ecosystem and expand capital markets. Reflecting on Jio’s decade-long journey, Kamath said affordable data, along with Aadhaar and UPI, enabled online-first businesses like Zerodha to grow and helped drive a surge in retail investing.
The analysis
Against that, the stock is +0.1% on the day at ₹1,203.60, 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
- 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, Telecom & Media, Capital Goods & Engineering.
- The immediate tone of coverage reads positive.
In this story
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