Jio valued at $108 billion in IPO, joins Meta, Alibaba and SpaceX club | All you need to know
Reliance Industries is in focus in an ipo & listings development.
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Jio Platforms debuted at a valuation above $100 billion, joining founder-led companies such as Meta, Alibaba and SpaceX. Its shares opened 21.4% above the issue price, making it India’s second-most valuable listed company and the country’s most valuable telecom firm.
The analysis
Reliance Industries reported movement of 21.4%. 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 -3.2% on the day at ₹1,158.00, 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
- In focus: Reliance Industries (Jio) (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries (Jio) -6.5% against Oil & Energy -3.0% (3.5 points behind).
- 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 | ₹1,158.00 | -3.2% | -2.4% | -6.5% | -27.3% | 1.6× | — |
Oil & Energy
1M -3.4% · 3M -3.0%
Reliance Industries (Jio)
Telecom & Media
1M +2.3% · 3M +3.5%
Prices as of 28 Oct 2026, 15:31 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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