Times of Navi Mumbai | Business News
Jio Platforms has made a big start on the Indian stock market. Its shares rose by 26.81% above the IPO price on the first day of trading.
The shares opened at ₹1,358 and closed at ₹1,417 on the NSE. By the end of the day, Jio’s market value reached around ₹13 lakh crore, making it India’s second most valuable listed company after Reliance Industries.
Reliance Group Moves Ahead of Tata Group
Jio’s listing helped the Reliance Group become India’s most valuable listed business group. Its total market value crossed ₹30.2 lakh crore, while the listed Tata Group companies were valued at around ₹25.3 lakh crore.
Why Are Investors Interested in Jio?
Many investors wanted to buy Jio shares. The company has helped make mobile internet cheaper and brought millions of Indians online.
Jio also plans to expand its work in new technologies, including artificial intelligence (AI), cloud services, and connected devices, said Managing Director Akash Ambani at the listing event.
Reliance Shares Fall
While Jio shares rose, Reliance Industries shares fell by 3.19% to ₹1,158. Investors will now watch how both companies perform in the coming days.
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