Reliance jumps 8% on record Q2; Jio Platforms trades 28% above IPO price
Shares rose on 2 November after Reliance posted record quarterly revenue, EBITDA and profit, taking its market value above ₹17 lakh crore.
- Reliance mcap: >₹17 lakh crore
- Jio listing: ₹1,358 (+21.4%)
- 2 Nov high: ₹1,475
Reliance
Reliance Industries shares surged more than 8% on 2 November, lifting its market capitalisation above ₹17 lakh crore, after the company reported record revenue, EBITDA and net profit for the July–September quarter of FY27.
Jio Platforms
Jio Platforms listed on 28 October at ₹1,358, a 21.4% premium to the ₹1,119 issue price. After its first results as a listed company it rose as much as 3% on 2 November to ₹1,475 on the NSE. A recent snapshot showed it about 28% above the IPO price, though sources differ on the latest quote.
This is a week-old market move, included because it shaped the rally in Indian stocks that followed.
