📰 ET Markets 🟢 BULLISH 🕒 29 Oct 2026, 06:25 AM IST

Jio Platforms shares surge 21% on debut, overtake Airtel in market cap

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Jio Platforms shares surge 21% on debut, overtake Airtel in market cap

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Market & Financial Impact: Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

The listing vaulted Reliance Industries to the position of the country's most valuable industrial group in terms of listed units, overtaking Tata Group in that respect.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Jio Platforms shares surge 21% on debut, overtake Airtel in market cap

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