Jio IPO GMP rises: Ventura, SMC Global, SBI Securities, 3 others share recommendations
Reliance Industries set out an expansion in an ipo & listings development.
· Business Today Mkts
Jio IPO: Analysts said capex on 5G and other physical infrastructure has already been deployed and cash flow generation is likely to be healthy for Jio going ahead.
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.
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
- Capex decisions are a bet on future demand; the market rewards or punishes them on whether the returns look credible.
Market context
- In focus: Reliance Industries (Jio) (RELIANCE), in Oil & Energy.
- On the day, 0 of 2 are higher: Reliance Industries (Jio) leads at -0.2% and State Bank of India (SBI) trails at -1.0%.
- Over three months: Reliance Industries (Jio) -9.9% against Oil & Energy -5.7% (4.2 points behind); State Bank of India (SBI) -6.2% against Banks -6.0% (0.2 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× | — |
| State Bank of India (SBI)SBIN · Banks | ₹961.85 | -1.0% | +0.2% | -6.2% | -21.7% | 0.9× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Banks
1M -3.4% · 3M -6.0%
State Bank of India (SBI)
Infrastructure
1M -10.5% · 3M -15.8%
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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