Jio IPO listing: Reliance-promoted firm becomes 2nd largest market cap holder in India | Check other 4 in top 5
Reliance Industries is in focus in an ipo & listings development.
· LiveMint Markets
Jio Platforms’ listing, with a market capitalisation of ₹12.49 lakh crore, reshuffled India’s corporate rankings. Reliance Industries remains first, followed by Jio Platforms and Bharti Airtel, while HDFC Bank and ICICI Bank complete the top five.
The analysis
Reliance Industries reported ₹12.49 lakh crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.2% on the day at ₹1,169.40, and has returned -6.5% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. 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
- The 4 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 1 of 4 are higher: HDFC Bank leads at +0.8% and Reliance Industries trails at -2.2%.
- Over three months: Reliance Industries -6.5% against Oil & Energy -3.0% (3.5 points behind); Bharti Airtel +3.9% against Telecom & Media +3.5% (0.4 points ahead); HDFC Bank -8.0% against Banks -6.9% (1.1 points behind); ICICI Bank -4.1% against Banks -6.9% (2.8 points ahead).
- At least 25% below the 52-week high: Reliance Industries (27%) and HDFC Bank (32%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,169.40 | -2.2% | -2.4% | -6.5% | -26.6% | 0.9× | — |
| Bharti AirtelBHARTIARTL · Telecom & Media | ₹1,952.30 | -1.3% | +10.8% | +3.9% | -9.7% | 1.1× | — |
| HDFC BankHDFCBANK · Banks | ₹685.75 | +0.8% | -7.5% | -8.0% | -32.1% | 0.6× | — |
| ICICI BankICICIBANK · Banks | ₹1,379.20 | -0.6% | +4.5% | -4.1% | -5.7% | 0.5× | — |
Oil & Energy
1M -3.4% · 3M -3.0%
Reliance Industries
Telecom & Media
1M +2.3% · 3M +3.5%
Bharti Airtel
Banks
1M -5.6% · 3M -6.9%
HDFC Bank, ICICI Bank
Prices as of 28 Oct 2026, 13:07 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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