Jio jumps 21% in market debut, dethrones Bharti Airtel as largest telecom player by m-cap
Reliance Industries moved higher.
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At Jio Platforms' listing ceremony, managing director Akash Ambani outlined plans to take the company beyond connectivity into areas including AI, cloud and connected devices.
The analysis
Reliance Industries reported movement of 21%. 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.
Market context
- In focus: Reliance Industries (Jio) (RELIANCE), in Oil & Energy.
- On the day, 0 of 2 are higher: Bharti Airtel leads at -1.3% and Reliance Industries (Jio) trails at -2.2%.
- Over three months: Reliance Industries (Jio) -6.5% against Oil & Energy -3.0% (3.5 points behind); Bharti Airtel +3.9% against Telecom & Media +3.5% (0.4 points ahead).
- At least 25% below the 52-week high: Reliance Industries (Jio) (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Jio)RELIANCE · 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× | — |
Oil & Energy
1M -3.4% · 3M -3.0%
Reliance Industries (Jio)
Telecom & Media
1M +2.3% · 3M +3.5%
Bharti Airtel
Prices as of 28 Oct 2026, 13:07 IST. Sector moves are the average of the stocks we track in each sector.
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