Reliance shares’ performance decoded: The Jio Platforms IPO was one of the most anticipated public issues of 2026. The public issue was not just pitched as a money-maker for its investors, but for Reliance Industries shareholders as well. The reason for the expected benefit for RIL shareholders was the around two-thirds stake Reliance Industries held in Jio Platforms. The public issue opened on 21 October 2026, and Reliance shares finished at ₹1,202 per share on the previous session in the secondary market. In other words, RIL shares were around ₹1200 when the Jio Platforms IPO hit the Indian primary market. Today, when Jio Platforms IPO allotment has been finalised, the RIL shares are still oscillating around 1200 apiece.
According to stock market experts, Reliance Industries shares are expected to benefit from business unlocking through the Jio Platforms IPO listing. They said that Jio Platforms IPO listing price can be expected in the ₹1350 to ₹1400 range, which means at least 20% premium for the lucky allottees. Experts are highly bullish on Reliance shares after the US Secretary of State Marco Rubio’s meeting with Mukesh Ambani. They said that the market is expecting Reliance’s entry into the Venezuelan oil refinery market, as Venezuelan crude oil is very thick, like Ural. As the Reliance Nelson index code is attractive 21, the company is expected to get refiner work from Venezuela at a discounted price, a scenario quite similar to Ural oil refinery work coming in from Russia. Experts see Reliance shares to touch ₹1250 to ₹1300 in the near term due to the positive listing (as expected) of the Jio Platforms IPO. However, they predicted around ₹350 to ₹550 upside in Reliance shares by end of FY27 due to the business unlock benefit.
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