Ambani looks to defy gravity in debut after India-record Jio IPO
Reliance Industries is in focus in an ipo & listings development.
· LiveMint Markets, Business Standard Mkts
Jio Platforms Ltd. is set to debut on the stock market on Wednesday after a record-breaking initial public offering, pitting billionaire Mukesh Ambani’s telecom giant against a negative trend for India’s mega deals in a challenging market environment.
The analysis
Against that, the stock is +0.6% on the day at ₹1,202.80, and has returned -6.5% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -3.0% over the same period, so Reliance Industries is running 3.5 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
- In focus: Reliance Industries (Mukesh Ambani) (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries (Mukesh Ambani) -6.5% against Oil & Energy -3.0% (3.5 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Mukesh Ambani)RELIANCE · Oil & Energy | ₹1,202.80 | +0.6% | -2.4% | -6.5% | -24.5% | 0.2× | — |
Oil & Energy
1M -3.4% · 3M -3.0%
Reliance Industries (Mukesh Ambani)
Telecom & Media
1M +2.3% · 3M +3.5%
Prices as of 28 Oct 2026, 09:51 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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