Reliance Industries Closing Bell Updates: Stock Surges 1.3% on Jio IPO & AI Plans

Reliance Industries (RELIANCE) delivered a strong performance on Monday, opening at ₹1,316.70 and steadily climbing throughout the session to close at ₹1,326.50, marking a gain of +1.30% from its previous close of ₹1,309.50. The blue-chip scrip touched an intraday high of ₹1,344.90, just shy of a 2.8% rally at its peak, while registering a low of ₹1,314.10. Trading activity was robust, with over 12.93 million shares changing hands, a healthy volume, though slightly below some recent three-month averages for the stock.

The day began with immediate strength for Reliance, building on positive sentiment from its 49th Annual General Meeting (AGM) held on June 19. Early momentum pushed the stock past its opening price, reaching its intraday high in the mid-morning trade. While there was some profit-booking in the late afternoon, the stock maintained most of its gains, reflecting sustained investor confidence. The broader market also saw modest gains, with Nifty 50 hovering above 24,100, providing a supportive environment for Reliance's rally. Jio Financial Services Opening Bell Updates: JIOFIN Reacts to Mixed Global Cues.

The primary catalyst for Reliance's upward movement was the formal update on the much-anticipated Jio Platforms Initial Public Offering (IPO). The company's digital unit filed its Draft Red Herring Prospectus (DRHP) with SEBI, formally kicking off what is expected to be one of India's largest public offerings. Chairman Mukesh Ambani's statements at the 49th AGM on June 19, where he termed the Jio IPO as the "most important value creation milestone" of the year, resonated strongly with investors.

Beyond the IPO, Reliance's aggressive growth roadmap in new-age businesses fueled optimism. The company unveiled plans to position itself as an AI powerhouse, with announcements including the commissioning of its first AI compute capacity by the end of 2026 and the debut of JioStar GenAI Media Studio. Further, Ambani outlined an ambitious five-year plan to more than double consolidated EBITDA, and detailed expansion in green hydrogen, solar manufacturing, battery gigafactories, and a target of ₹1 trillion in gross revenue for Reliance Consumer Products by FY30. Jio Platforms IPO: DRHP Reveals Names of Top Global and Indian Law Firms Managing the Deal.

Analyst reactions were largely positive, with brokerages like CLSA, Motilal Oswal, Jefferies, and Nomura reiterating "Buy" or "Outperform" ratings, setting target prices ranging from ₹1,625 to ₹1,800. They cited the Jio IPO, AI deployments, data centre expansion, and new energy initiatives as key drivers for future growth and value unlocking.

Today's closing price of ₹1,326.50 places Reliance notably above its 52-week low of ₹1,253.00, which it hit recently on June 11. However, the stock still remains approximately 17% below its 52-week high of ₹1,611.20. This indicates that while the stock has rebounded from recent lows, it still has significant ground to cover to reclaim its annual peak, trading within the mid-range of its yearly performance.

Investors will closely monitor further developments regarding the Jio Platforms IPO and any analyst commentary or institutional interest it generates. Key technical levels to watch include the immediate resistance zone around ₹1,345 to ₹1,350, with strong support expected near ₹1,300.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Jun 22, 2026 06:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).