Jio parent Reliance Industries breaks silence on Starlink row: 'We have never feared competition’
Reliance Industries is in focus.
· LiveMint Companies, NDTV Profit
Reliance Industries said it welcomes competition, including Starlink, and has never feared rivals. The company emphasized that all satellite communication providers must follow Indian laws and policies, noting that Jio’s own satellite services are awaiting government clearances.
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.
Market context
- In focus: Reliance Industries (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind).
- 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 | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
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
Powered by fuel earnings, Reliance Industries tops Sep quarter estimates
Mukesh Ambani stocks: Reliance Industries vs Jio Platforms shares compared - RIL or JPL? What to buy? Experts' views
Jio Platforms up 27.8% since IPO listing but how RIL, Jio Fin, Alok Ind, Network 18, Lotus shares fared in 3 years?
Reliance Retail Q2 profit falls 24.3%, revenue rises 5.8% to ₹80,220 cr