Jio Platforms Share Price Jumps Up to 3% After Strong Q2 Results: Targets From Motilal Oswal, Nomura and Elara, and Whether to Buy, Sell or Hold After the Bumper IPO Listing
- November 2, 2026
- Posted by: Ankit Jaiswal
- Category: IPO
Jio Platforms opened Rs 1,465, high Rs 1,475 (about +3%) on 2 Nov; Rs 1,440.10 at 11:24 AM. Q2 profit Rs 8,387 cr, up 13.7%. MOFSL target Rs 1,515. IPO price Rs 1,119.
Quick Answer
Jio Platforms share price opened at Rs 1,465 on 2 November 2026, against Friday’s close of Rs 1,431.30, and touched an intraday high of Rs 1,475, a gain of about 3%. By 11:24 AM IST it was at Rs 1,440.10, up 0.61%. Q2 profit rose 13.7% to Rs 8,387 crore. Motilal Oswal raised its target to Rs 1,515 (Buy), while Nomura’s Rs 1,340 and Elara’s Rs 1,367 are below today’s price.
Jio Platforms share price opened with a gap-up of about 2.4% on Monday, 2 November 2026, and touched an intraday high of Rs 1,475, about 3% above Friday’s close, after the company’s first quarterly result since its listing. The Jio Platforms share price gain has narrowed, so the real question is whether to buy, sell or hold. This article covers the listing, the Q2 numbers, brokerage targets and valuation.
Prices are as of 11:24 AM IST on 2 November 2026. Brokerage targets are opinions and many were set before the post-listing rally.
Click Here – Get Free Investment Predictions
Jio Platforms Share Price Today: Key Data
| Metric | Value |
|---|---|
| Price (NSE, 11:24 AM IST) | Rs 1,440.10, up Rs 8.80 (+0.61%) |
| Open and day's high | Rs 1,465 and Rs 1,475 |
| Previous close (30 October) | Rs 1,431.30 |
| IPO issue price | Rs 1,119 per share |
| Listing price | Rs 1,359 (21.36% premium) |
| 52-week range | Rs 1,119 to Rs 1,489.70 |
| Market cap | About Rs 13.18 lakh crore |
| P/E ratio / P/B ratio | 43.86 / 3.60 |
| Return on equity | 8.95% |
Source: NSE and BSE data, company filings and media reports. Newsbytes reported the listing price as Rs 1,359 on both exchanges; other sites show Rs 1,358.
Jio Platforms IPO Listing: How the Debut Went
The IPO listing was one of the strongest in Indian market history. The issue of about Rs 30,200 crore was subscribed 22.2 times, was fully subscribed within about 100 minutes of opening, drew over 1.38 crore applications and received bids worth over Rs 7 lakh crore, according to reports. The shares listed at Rs 1,359, a 21.36% premium to the Rs 1,119 issue price. An investor who bought at the issue price and holds at today’s Rs 1,440 is up about 29%.
Jio Platforms Q2 Results: What Drove the Rise
| Q2 FY27 metric | Reading |
|---|---|
| Gross revenue | Rs 47,485 crore, up 11.3% year-on-year |
| EBITDA | Rs 21,879 crore, up 16.6% |
| EBITDA margin | 51.7%, against 49.9% a year earlier |
| Net profit | Rs 8,387 crore, up 13.7% |
| ARPU | Rs 218.80, up 3.5% year-on-year, up 1.5% quarter-on-quarter |
| Net subscriber additions | About 90 lakh in the quarter |
| Digital services | Up 4% quarter-on-quarter and 16% year-on-year |
Source: Jio Platforms Q2 FY27 results and Motilal Oswal’s result note. Dolat Capital said EBITDA margin and EBITDA growth were robust but profit growth was a little soft because finance costs rose after assets were capitalised.
Check the Univest Screener for telecom stocks and valuations
JPL Share Price Target: What Brokerages Say
| Brokerage | Rating | Target | Versus Rs 1,440 |
|---|---|---|---|
| Motilal Oswal | Buy | Rs 1,515 (from Rs 1,350) | About 5% above |
| Elara Capital | Buy | Rs 1,367 | About 5% below |
| Nomura | Buy | Rs 1,340 | About 7% below |
Motilal Oswal raised its target on a discounted cash flow value of about 12.2 times FY29 EBITDA, and expects cumulative free cash flow of Rs 1.68 lakh crore over FY27 to FY29, with net cash status by FY29 as capital spending stays range-bound. Nomura began coverage with a Buy and said the listing will likely push Jio, the price setter, toward steady tariff hikes that peers can follow. Elara also has a Buy. For the JPL share price target, note that the Nomura and Elara targets were issued on listing day and now sit below the market price, so the stock already trades above two of the three published targets.
Jio Platforms Share Price: Buy, Sell or Hold?
On the Jio Platforms share price, the case for holding is clear: EBITDA margin above 51%, rising ARPU, 300 million 5G subscribers, improving free cash flow and likely tariff hikes. The case for caution is valuation: a P/E of about 43.9 and a P/B of 3.60 against a return on equity of 8.95%, and a price already above two brokerage targets. The Jio Platforms share price is also about 3% below its 52-week high of Rs 1,489.70.
| Investor type | Possible approach | Why |
|---|---|---|
| IPO allottees with profit | Hold part, book part | Gain is about 29% from issue price |
| Fresh investors | Stagger buying, avoid chasing the gap-up | Valuation is already premium |
| Short-term traders | Respect Rs 1,436 to Rs 1,475 range | Day's range sets near-term levels |
These are scenarios for the Jio Platforms share price, not recommendations. Tariff hikes, capital spending, finance costs and the 5G monetisation pace are the swing factors.
Download the Univest iOS App or Univest Android App to track the Jio Platforms share price and set price alerts.
Conclusion
Jio Platforms share price jumped about 3% at the high after Q2 results showing 13.7% profit growth and a 51.7% EBITDA margin, but the gain has faded to about 0.6% by late morning. With a P/E near 44 and the stock above two published targets, holding existing profits and staggering new buying is a more measured stance than chasing the gap-up.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Jio Platforms Share Price
What is the Jio Platforms share price today?
Ans. Jio Platforms traded at Rs 1,440.10 on the NSE at 11:24 AM IST on 2 November 2026, up Rs 8.80 or 0.61% from Friday's close of Rs 1,431.30. It opened at Rs 1,465 and touched a high of Rs 1,475, about 3% above the previous close. The low is Rs 1,436.30.
Why did the Jio Platforms share price jump after Q2 results?
Ans. The stock rose because Q2 FY27 showed revenue up 11.3% to Rs 47,485 crore, EBITDA up 16.6% to Rs 21,879 crore, EBITDA margin of 51.7% and profit up 13.7% to Rs 8,387 crore. ARPU improved to Rs 218.80 and about 90 lakh subscribers were added. Brokerages such as Motilal Oswal raised targets.
What was the Jio Platforms listing price?
Ans. Jio Platforms listed at Rs 1,359 on the NSE and BSE, a 21.36% premium to the issue price of Rs 1,119, according to reports. Some sites show Rs 1,358. The issue was subscribed 22.2 times and drew over 1.38 crore applications, among the most for any IPO globally.
What is the Jio Platforms share price target?
Ans. Motilal Oswal has a Buy with a target of Rs 1,515, raised from Rs 1,350. Elara Capital has a Buy with a target of Rs 1,367 and Nomura a Buy with Rs 1,340. The Elara and Nomura targets are below the current price, so check whether they have been revised after the results.
Is Jio Platforms overvalued?
Ans. Jio Platforms trades at a P/E of about 43.9 and a P/B of 3.60, against an industry P/E of about 40 and a return on equity of 8.95%. That is a premium valuation. Supporters argue that free cash flow will rise and tariffs will increase, while sceptics note the price is already above two published targets.
Should IPO allottees sell Jio Platforms shares now?
Ans. Allottees who bought at Rs 1,119 are up about 29% at Rs 1,440. Some investors book partial profits and hold the rest for long-term growth, while others hold fully for tariff hikes and cash flow. The right choice depends on your goals, tax position and risk tolerance. This is not investment advice.
What are the main risks for Jio Platforms stock?
Ans. Premium valuation, rising finance costs, capital spending on 5G and broadband, competition and regulation in telecom, and the pace of tariff hikes. Dolat Capital noted profit growth was soft in Q2 because of higher finance costs. Market-wide sell-offs can also hit a newly listed large stock.
How is Jio Platforms linked to Reliance Industries?
Ans. Reliance Industries is the parent and majority owner of Jio Platforms. Brokerages such as Nuvama apply a holding company discount to the value of Reliance's stake after the listing. Reliance and Jio have separate share prices, so owning one does not give you the other. Check Reliance's filings for its exact stake.
