Why Nomura prefers Airtel in telecom sector even as Jio gears up to list
Bharti Airtel is in focus in an ipo & listings development.
· Business Standard Mkts
Jio IPO: Nomura said that Bharti's current valuation discount to Jio is unjustified and expects this gap to narrow, at minimum, once JPL goes public.
The analysis
Against that, the stock is +0.1% on the day at ₹1,973.70, and has returned +0.9% over three months. It sits 9% below its 52-week high. The telecom & media sector has moved +0.9% over the same period, so Bharti Airtel is running 0.0 points behind its peers.
For Bharti Airtel, the question is how much of this is already reflected in the price and how much re-rates the telecom & media 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: Bharti Airtel (BHARTIARTL), in Telecom & Media.
- On the day, 1 of 2 are higher: Bharti Airtel leads at +0.1% and Reliance Industries (Jio) trails at -0.2%.
- Over three months: Bharti Airtel +0.9% against Telecom & Media +0.9% (0.0 points behind); Reliance Industries (Jio) -9.9% against Oil & Energy -5.7% (4.2 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 |
|---|---|---|---|---|---|---|---|
| Bharti AirtelBHARTIARTL · Telecom & Media | ₹1,973.70 | +0.1% | +12.3% | +0.9% | -8.7% | 0.8× | — |
| Reliance Industries (Jio)RELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
Telecom & Media
1M -0.2% · 3M +0.9%
Bharti Airtel
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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