Jio Platforms shares up 27.8% since IPO as other Reliance group stocks diverge
Jio Platforms shares rose 27.8% above the IPO price after their stock market debut. Reliance Industries, Jio Financial, Alok, Network18 and Lotus Chocolate show mixed three-year performance.
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what happened
Jio Platforms made its stock market debut with shares listing at a premium of about 21.26% to the issue price, according to Moody's. The stock has since climbed 27.8% above the IPO price. For comparison, the report reviewed how other companies in Mukesh Ambani's Reliance group performed over the past three years.
Reliance Industries closed 0.44% lower at Rs.1,163.55 per share on BSE on Friday, October 30, with a market capitalisation of Rs.15,74,578.54 crore. The shares fell 21.83% over one year and 13.42% over two years, and rose only 0.68% over three years.
Jio Financial Services closed 1.21% lower at Rs.204.50 and is down around 30.82% in 2026 so far. Alok Industries fell 5.49% to Rs.8.09 and has lost 53.85% over one year. Network18 has dropped 65.78% over three years, while Lotus Chocolate gained 88% over the same period.
why it matters
The contrast between Jio Platforms' strong debut and weakness in many group stocks suggests investor interest is centred on the new listing rather than the holding company's older assets. Performance across the Reliance group's listed companies varies widely.
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instruments
sources
- Jio Platforms up 27.8% since IPO listing but how RIL, Jio Fin, Alok Ind, Network 18, Lotus shares fared in 3 years? — Moody's, 31 October 2026 at 16:21 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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