Reliance stock faces Jio IPO deadline on October 21

Published on 10/07/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Reliance stock carries Motilal Oswal's Buy rating and INR 1,530 target on October 7, 2026. Reliance reported USD 124.0 billion revenue and USD 10.1 billion profit for FY26.

Reliance, INE002A01018, Illustration mit AI erstellt.

Reliance stock (ISIN INE002A01018) was trading at INR 1,208.20 on the NSE on October 7, 2026, at 1:35 p.m. IST, down 0.80 percent from the prior close of INR 1,218.00. The central company event is Jio Platforms' planned IPO, which could reshape how the market values Reliance's digital assets.

Jio IPO sets the timetable

According to The Economic Times on October 6, 2026, Jio Platforms plans to launch its IPO on October 21, 2026, at a reported valuation of INR 11 trillion. The same report says Reliance held a 66.43 percent stake in Jio Platforms as of March 31, 2026.

The proposed issue is expected to consist entirely of fresh shares, while the reported timetable points to an October 28, 2026 listing. That structure could raise capital for Jio without materially changing Reliance's control, while giving investors a separate market value for the telecom and digital business.

FY26 results show expansion

Reliance's investor-relations materials report consolidated FY26 revenue of USD 124.0 billion, up 9.8 percent year over year, and net profit of USD 10.1 billion, up 17.8 percent. The figures place the Jio transaction against a larger earnings base rather than a standalone technology story.

The company also reported FY26 EBITDA of USD 21.9 billion, compared with USD 10.3 billion in FY21. Retail and Digital businesses contributed nearly half of FY26 EBITDA, making their growth and capital-market visibility important to the group's future earnings mix.

Motilal Oswal sets INR 1,530 target

CNBC TV18 reported on October 7, 2026, that Motilal Oswal reiterated its Buy rating on Reliance and set a price target of INR 1,530. The target lies 26.6 percent above the NSE price of INR 1,208.20, making the planned Jio listing the key valuation checkpoint in the brokerage's view.

The market is weighing that potential re-rating against the holding-company discount cited by Motilal Oswal. The brokerage said the market was already factoring in a discount of 18 percent to 36 percent for Reliance's stake in Jio Platforms.

Reliance stock holds a wide range

Reliance stock was trading at INR 1,208.20 on the NSE on October 7, 2026, with a session range of INR 1,203.50 to INR 1,220.80 and volume of 7,416,965 shares. Its 52-week range was INR 1,160.80 to INR 1,611.80, leaving the quote INR 403.60 below the yearly high.