Big-ticket IPOs have struggled to deliver bumper listing gains. Can Mukesh Ambani backed Reliance Jio buck the trend?
Reliance Industries is in focus.
· LiveMint Markets
Several of India’s biggest IPOs, including those of Hyundai Motor India, LIC and Paytm, delivered weak or modest listing gains. Jio Platforms may break that pattern: anchor investors showed strong demand and its grey market premium points to a potential premium.
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
- The 4 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 0 of 4 are higher: Reliance Industries leads at -0.2% and Life Insurance Corporation (LIC) trails at -3.2%.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind); Hyundai Motor India -5.3% against Auto -7.7% (2.4 points ahead); Life Insurance Corporation (LIC) -9.4% against Insurance -13.4% (4.0 points ahead); One97 Communications (Paytm) +22.6% against Financial Services -14.9% (37.5 points ahead).
- 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× | — |
| Hyundai Motor IndiaHYUNDAI · Auto | ₹1,911.00 | -0.6% | -5.9% | -5.3% | -21.6% | 0.5× | — |
| Life Insurance Corporation (LIC)LICI · Insurance | ₹383.25 | -3.2% | -3.0% | -9.4% | -17.1% | 0.9× | — |
| One97 Communications (Paytm)PAYTM · Financial Services | ₹1,634.30 | -3.1% | -2.6% | +22.6% | -11.7% | 0.5× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
Auto
1M -5.8% · 3M -7.7%
Hyundai Motor India
Insurance
1M -5.4% · 3M -13.4%
Life Insurance Corporation (LIC)
Financial Services
1M -8.8% · 3M -14.9%
One97 Communications (Paytm)
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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