Top 5 IPOs listing: Jio Platforms IPO vs Hyundai, Paytm, LIC and others | How Reliance company outshone others in gains
Reliance Industries moved higher in an ipo & listings development.
· LiveMint Markets
Jio Platforms surged nearly 27% above its issue price on debut, reaching a market capitalisation of about ₹13 lakh crore and becoming India’s second-most valuable company. Its performance defied the weak debut trend among large IPOs.
The analysis
Reliance Industries reported ₹13 lakh crore, with movement of 27% attached to those lines. 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 -8.7% 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 -4.8% over the same period, so Reliance Industries is running 3.9 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 3 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 2 of 3 are higher: One97 Communications (Paytm) leads at +1.9% and Reliance Industries trails at -3.2%.
- Over three months: Reliance Industries -8.7% against Oil & Energy -4.8% (3.9 points behind); One97 Communications (Paytm) +24.7% against Financial Services -14.3% (39.0 points ahead); Life Insurance Corporation (LIC) -8.4% against Insurance -12.2% (3.8 points ahead).
- At least 25% below the 52-week high: Reliance Industries (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,158.00 | -3.2% | -3.3% | -8.7% | -27.3% | 1.5× | — |
| One97 Communications (Paytm)PAYTM · Financial Services | ₹1,631.50 | +1.9% | -0.3% | +24.7% | -11.8% | 1.0× | — |
| Life Insurance Corporation (LIC)LICI · Insurance | ₹391.45 | +1.0% | -2.3% | -8.4% | -15.3% | 0.8× | — |
Oil & Energy
1M -4.6% · 3M -4.8%
Reliance Industries
Financial Services
1M -9.6% · 3M -14.3%
One97 Communications (Paytm)
Insurance
1M -6.2% · 3M -12.2%
Life Insurance Corporation (LIC)
Prices as of 28 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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