RIL share price | Stocks to buy today | Jio Platforms IPO: Shares of Reliance Industries Ltd (RIL) have been under selling pressure ahead of the Jio Platform IPO launch. While it is throwing tantrums at the existing Reliance Industries shareholders, market experts are looking at this dip as an opportunity for the primary market investors to buy Reliance shares at a lower price, which is close to the Jio Platforms IPO price band of ₹1,065 to ₹1,119 apiece, and become eligible for the possible benefit of the value unlocking. However, it is not guaranteed that Jio Platforms shares will be distributed to all RIL shareholders.
Irrespective of this value-unlock factor, experts believe the Jio Platforms IPO is a central factor, though not entirely negative. While news of an upcoming mega public offering usually acts as a catalyst, market sentiment has cooled because recent reports put valuations at approximately $114 billion (~ ₹10.3 lakh crore), lower than earlier speculative estimates of $130 billion to $170 billion. They said Reliance shares are facing a hurdle at ₹1,200. On breaking above this, we can expect the Reliance share price to scale around ₹1265.
Reliance share price today is around ₹1165, clocking around 6% dip in one month.
RIL shares | Can Jio Platforms trigger a potential rebound?
Whether Jio Platforms IPO can bring the mojo in Reliance shares, Seema Srivastava, Senior Research Analyst at SMC Global Securities, said, “Jio Platforms IPO is structured predominantly as a fresh capital issue of around 2.9% post-IPO equity rather than a massive offer-for-sale (OFS). This means RIL itself is not directly pocketing cash from selling its stake, though it retains a controlling ~64.5% stake while Jio uses the proceeds for debt prepayment and expansion.”
The SMC Global Securities expert said that arbitrage traders and institutional desks are temporarily discounting the holding company valuation until the listing price band and post-listing trading performance establish firm market values. Therefore, while the lower-than-anticipated IPO valuation guidance created temporary selling pressure alongside weakening energy metrics, the IPO itself remains a strategic structural positive for unlocking long-term value once primary market demand stabilises.
Reliance Industries share price target
On what technical chart hints at the Reliance Industries shares, Mahesh M Ojha, VP — Research and Business Development at KC Securities, said, “Immediate support for the Reliance Industries shares is placed at ₹1145, whereas ₹1120 is acting as major support for RIL shares. Those with a long-term horizon are advised to hold the scrip, maintain a stop-loss at ₹1085, and keep accumulating on every 4%-5% dip. Fresh investors can apply the same by adding Reliance Industries to their portfolio at the current market price.”
Ojha said that Reliance Industries shares are facing resistance at ₹1200. On a closing basis, breaking above this resistance could take the stock to ₹1265 apiece in the near term.
Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.
