Jio leverage play pops up at SBI as India brokers lure IPO bets
SBI Securities rate stocks including Reliance Industries and State Bank of India.
· Economic Times Markets
SBI Securities has launched an exciting financing option for the highly anticipated IPO of Jio Platforms Ltd. Investors can secure up to 60% funding for their subscriptions, with the IPO set to open for bids on October 21. The impressive demand already seen indicates a surge in interest, prompting several brokerages to engage new clients.
Key facts
- Dates in focus
- October 21
The analysis
Where the names start from: State Bank of India (SBI) is 22% below its 52-week high, -6.2% over three months; Reliance Industries (Jio) is 27% below its 52-week high, -9.9% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- Brokerage calls from SBI Securities, with ratings on the stocks named. The stocks: Reliance Industries (Jio) and State Bank of India (SBI).
- 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)
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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