Akash Ambani says Jio's 6G rollout is on the horizon, but it won't need a physical infrastructure build-out; details
Reliance Industries secured new business in an infrastructure development.
· LiveMint Companies
Jio plans to offer 6G through a software upgrade rather than new infrastructure and is also targeting 340 million users in the mobility segment. Full details here.
The analysis
Against that, the stock is -0.2% on the day at ₹1,164.90, and has returned -9.9% 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 -5.7% over the same period, so Reliance Industries is running 4.2 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
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
Market context
- In focus: Reliance Industries (Jio) (RELIANCE), in Oil & Energy.
- Over three months: 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 |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Jio)RELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Infrastructure
1M -10.5% · 3M -15.8%
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
Related coverage
Markets hit 6-month high in Oct on IT rally, Jio Platforms IPO frenzy
IGL to supply PNG to 22 Northern Railway establishments across Delhi-NCR
Mukesh Ambani stocks: Reliance Industries vs Jio Platforms shares compared - RIL or JPL? What to buy? Experts' views
BPCL, Lanxess in pact to explore advanced industrial lubricant technologies
Jio Platforms up 27.8% since IPO listing but how RIL, Jio Fin, Alok Ind, Network 18, Lotus shares fared in 3 years?