From mint · Asit Manohar · · 1m 10s
Reliance Jio IPO Boosts RIL Shares
Reliance Jio IPO subscription opens, lifting RIL shares to ₹1,234.30.
In brief
Reliance Jio IPO subscription opens, lifting RIL shares to ₹1,234.30. Reliance Industries shares rose to ₹1,234.30 after Jio Platforms IPO subscription opened, with experts predicting a ₹350-500 per share gain by FY27. Originally reported by mint.
RIL Shares Open Higher
Reliance Industries shares opened at ₹1,212 and hit ₹1,234.30 intraday high.
Jio Platforms IPO Subscription Opens
Jio Platforms IPO subscription opens today with RIL holding two-thirds stake in Jio Platforms.
Expected Share Value Addition
Experts predict ₹350-500 per share value addition for RIL shares from Jio Platforms IPO.
Short-Term Share Gain
Jio Platforms IPO listing price expected at ₹1,350-1,400, adding ₹250-300 per share to RIL.
Long-Term Share Projection
RIL shares expected to reach ₹1,550-1,700 by end of FY27 depending on market conditions.
Market Analyst View
Avinash Gorakshkar says RIL's two-thirds stake in Jio Platforms will drive share price gains.
Value Unlock Potential
Market expects value unlock from Jio Platforms IPO to boost RIL shares by ₹350-500 per share.
Buy-on-Dips Strategy
Analysts recommend 'buy-on-dips' strategy for RIL shares as they may touch ₹1,700 by FY27.
What matters most
Reliance Industries shares rose to ₹1,234.30 after Jio Platforms IPO subscription opened, with experts predicting a ₹350-500 per share gain by FY27.
