Reliance Industries Stock Update: Share Price Jumps on Jio IPO News
Reliance Industries (RELIANCE) share price jumps +1.02% to ₹1,198.50 today, as fresh buzz around Jio Platforms' upcoming IPO drives the stock higher along with nuclear plant proposals.
Reliance Industries (NSE: RELIANCE) is trading firmly in the green this Tuesday morning, with its Last Traded Price (LTP) at ₹1,198.50. The stock opened at ₹1,188.10, slightly above its previous close of ₹1,186.40, and has steadily climbed to hit its intraday high of ₹1,198.50. Currently, RELIANCE is up +1.02%, demonstrating a positive momentum in early trade. The trading volume stands at 1,338,058 shares, suggesting active participation in the counter.
| RELIANCE – Stock Updates as of (9:43AM, 06 Oct 2026) | |||
LTP ₹1,198.50 | Open ₹1,188.10 | High ₹1,198.50 | Low ₹1,188.10 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 1,338,058 | % Chg +1.02% |
52-Week Context
Given the provided data, a 52-week high and low are not available (N/A). However, the stock's current upward trajectory today is notable within its recent trading history. Without the full annual range, it is difficult to ascertain if today's move is testing key annual levels, but the positive percentage change indicates a strong start to the session.
Latest Developments
The primary catalyst driving Reliance Industries' upbeat performance appears to be the burgeoning anticipation surrounding the Initial Public Offering (IPO) of its digital arm, Jio Platforms. Multiple reports from October 5, 2026, suggest that Jio Platforms is poised to launch its IPO on October 21, 2026, with a target listing date of October 28, 2026. This mega-listing is expected to be India's largest-ever, aiming to raise an estimated ₹37,000-37,800 crore, with a proposed price band in the range of ₹1,350-1,450. A significant portion of the IPO proceeds is reportedly earmarked for debt repayment within Reliance Jio Infocomm, a subsidiary of Jio Platforms, which could further strengthen Reliance Industries' balance sheet.
Adding to the positive sentiment, Reliance Industries has also put forward a proposal to establish a nuclear power plant in West Bengal. This ambitious project could entail an investment of approximately ₹2 lakh crore over the next six to seven years, signaling the company's aggressive expansion into the new energy sector. While this is a longer-term development, it underscores the company's strategic growth initiatives beyond its traditional oil-to-chemicals business.
However, not all recent news has been universally positive. Reliance Retail and 7-Eleven have reportedly ended their five-year franchise agreement in India, leading to the closure of most of their nearly 60 convenience stores. The venture recorded a net loss of nearly ₹90 crore for the fiscal year ended March 2026, suggesting this development might remove a drag on the retail segment's performance. Furthermore, Nuvama Research anticipates a strong Q2FY27 for Reliance, projecting a 17% year-on-year growth in EBITDA to ₹53,700 crore, primarily on the back of robust refining margins and higher throughput. The company has also been active in the debt market, recently raising ₹13,000 crore through 10-year bonds at a 7.90% coupon rate, bringing its total domestic bond borrowings in September to ₹25,000 crore.
Outlook
Investors will closely monitor further developments regarding the Jio Platforms IPO and any official announcements from the company. The stock’s ability to sustain its gains and potentially break new resistance levels will be key for the remainder of the trading session.
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 Oct 06, 2026 09:42 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
