RIL stock: Jio's listing could unlock value, but will it drive a re-rating?
Reliance Industries is in focus in an ipo & listings development.
· Economic Times Markets, ET Stocks
The anticipated IPO of Jio Platforms is likely to reshape valuation assessments for both Reliance Industries and Bharti Airtel. With Jio's market debut, Reliance may witness a decrease in its holding-company discount. Meanwhile, Airtel stands to gain from rising telecom tariffs, boosting average revenue per user and overall profitability.
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
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- In focus: Reliance Industries (RELIANCE), in Oil & Energy.
- On the day, 1 of 2 are higher: Bharti Airtel leads at +0.1% and Reliance Industries trails at -0.2%.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind); Bharti Airtel +0.9% against Telecom & Media +0.9% (0.0 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× | — |
| Bharti AirtelBHARTIARTL · Telecom & Media | ₹1,973.70 | +0.1% | +12.3% | +0.9% | -8.7% | 0.8× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
Telecom & Media
1M -0.2% · 3M +0.9%
Bharti Airtel
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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