Reliance Jio Platforms shares rise further after IPO debut
In short
Reliance Jio Platforms shares rose 5% more after a strong first day, after gaining about 27% in the debut session. In two sessions, the stock was around 33% above the IPO price and the valuation went above ₹13 lakh crore.
Brokerages said the company’s market position and growth could support the stock. It is still not clear what specifically drove the latest jump.
What the reporting says
Reliance Jio Platforms shares rose another 5% after a roughly 27% first-day gain, taking the stock to about 33% above the IPO price in two sessions, according to a publisher summary. The move lifted its valuation above ₹13 lakh crore. Brokerages pointed to market leadership and growth potential, while saying investors should watch earnings, margins and ARPU. The reporting does not say what triggered the latest gain.
Why it matters
Reliance Jio Platforms shares rose another 5% after a about 27% first-day gain, leaving the stock roughly 33% above the IPO price in two sessions. The publisher summary says brokerages cited market leadership and growth potential, and told investors to watch earnings, margins and ARPU. The immediate market effect was a higher valuation above ₹13 lakh crore. The reporting does not state the IPO details or what caused the move.