{"id":330109,"date":"2026-10-28T11:46:43","date_gmt":"2026-10-28T06:16:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=330109"},"modified":"2026-10-28T11:46:43","modified_gmt":"2026-10-28T06:16:43","slug":"reliance-industries-shares-slip-2-percent-on-jio-platforms-listing-day-key-levels-brokerage-view-jio-stake-value-and-risks","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reliance-industries-shares-slip-2-percent-on-jio-platforms-listing-day-key-levels-brokerage-view-jio-stake-value-and-risks\/","title":{"rendered":"Reliance Industries Shares Slip 2% on Jio Platforms Listing Day: Key Levels to Watch, Brokerage View, Value of the Jio Stake and Risks"},"content":{"rendered":"

Reliance Industries shares traded at Rs 1,176.80 on the NSE at 11:26 AM on Wednesday, 28 Oct 2026, down 1.62% from Rs 1,196.20 (Rs 1,176.60 on the BSE, down 1.95%), as Jio Platforms listed at Rs 1,358 and the Sensex fell about 1%. The stock is about 2.1% above its 52-week low of Rs 1,152.30 and about 27% below its January high of Rs 1,611.20 (my calculation).<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Reliance Industries shares slipped about 2% on the Jio Platforms listing day because markets fell on crude above USD 115, FII selling and caution before the US Fed decision, and because a parent stock can see profit booking when a subsidiary lists. The stock is near the Rs 1,152.30 low of 13 Oct, the Supertrend support is Rs 1,134.72 and the upper band is Rs 1,230.75, while Monarch Networth Capital’s Accumulate view has a buy range of Rs 1,180 to Rs 1,220 and a stop loss below Rs 1,100. The Jio stake of about 66.4% is worth about Rs 8.3 lakh crore at Jio’s listed value, roughly half of Reliance’s own market cap (my calculation). This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n

Reliance Industries shares opened near Rs 1,194.50 and slid through the morning, so the move deepened from a 0.57% fall at 9:37 AM to a 1.62% fall on the NSE at 11:26 AM. This article looks at why Reliance Industries shares are lower on a day when its subsidiary listed 21.36% above the issue price, which levels matter and what the Jio stake is worth, using prices as of 11:26 AM IST.<\/p>\n

I did not retrieve any brokerage note issued today, so the brokerage view is from 22 Oct, and I could not find the 52-week high and low on the data provider. Q2 results for Reliance are due on 30 Oct and are not analysed here. It is educational and not advice.<\/p>\n

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