Jio IPO fever grips telecom stocks: Airtel, Vodafone Idea & others rise up to 4%
Reliance Industries moved higher in an ipo & listings development.
· ET Stocks, Economic Times Markets
Telecom stocks rose sharply on as investors focused on Jio Platforms’ upcoming IPO and its implications for sector valuations. Nomura estimates Jio’s equity value at Rs 9.8 lakh crore to Rs 10.3 lakh crore, while its analysis suggests Bharti Airtel trades at a discount despite stronger subscriber trends and tariff-hike prospects.
The analysis
Reliance Industries reported Rs 9.8 lakh crore, with movement of 4% 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 -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
- The 3 companies named span 2 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 1 of 3 are higher: Bharti Airtel leads at +0.1% and Vodafone Idea trails at -2.4%.
- Over three months: Reliance Industries (Jio) -9.9% against Oil & Energy -5.7% (4.2 points behind); Bharti Airtel +0.9% against Telecom & Media +0.9% (0.0 points behind); Vodafone Idea -8.1% against Telecom & Media +0.9% (9.0 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× | — |
| Bharti AirtelBHARTIARTL · Telecom & Media | ₹1,973.70 | +0.1% | +12.3% | +0.9% | -8.7% | 0.8× | — |
| Vodafone IdeaIDEA · Telecom & Media | ₹11.83 | -2.4% | -8.7% | -8.1% | -24.2% | 0.7× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Telecom & Media
1M -0.2% · 3M +0.9%
Bharti Airtel, Vodafone Idea
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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