‘I remember being petrified’: Nithin Kamath recalls his 2015 listing alongside Mukesh Ambani as Jio IPO takes centre stage
Reliance Industries is in focus in an infrastructure development.
· Business Today Mkts, LiveMint Markets
Zerodha was among the businesses that benefited from the digital infrastructure that developed over the past decade.
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
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- In focus: Reliance Industries (Mukesh Ambani) (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries (Mukesh Ambani) -9.9% against Oil & Energy -5.7% (4.2 points behind).
- At least 25% below the 52-week high: Reliance Industries (Mukesh Ambani) (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Mukesh Ambani)RELIANCE · 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 (Mukesh Ambani)
Infrastructure
1M -10.5% · 3M -15.8%
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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