RIL shares rise nearly 2% after Jio Platforms IPO subscription
In short
Reliance Industries shares rose as much as 1.96% to ₹1,225.60 on the NSE. In intraday trade, they climbed 2.68% to ₹1,234.30 after the Jio Platforms IPO was said to be fully subscribed in 100 minutes.
This matters because investors reacted quickly to the IPO news. The report does not say the final stock close or give more details on the subscription numbers.
What the reporting says
Reliance Industries shares rose as much as 1.96% to ₹1,225.60 on the NSE after the Jio Platforms IPO reportedly achieved full subscription in just 100 minutes. BusinessLine’s summary also said the stock hit an intraday high of ₹1,234.30, up 2.68%. The immediate consequence is a positive market reaction in RIL; the reporting does not say the subscription details or whether the move held to the close.
Why it matters
BusinessLine said Reliance Industries’ share price jumped after the Jio Platforms IPO reportedly got full subscription in 100 minutes. The stock moved to an intraday high of ₹1,234.30 and was up as much as 1.96% to ₹1,225.60 on the NSE. The reporting links the move to IPO enthusiasm, but it does not provide broader subscription data or the closing price.