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Jio Platforms shares in focus after strong debut, over ₹26,000 crore turnover on day 1 - Published OnOct 29, 2026 | 06:57 IST - Last Updated OnOct 29, 2026 | 06:57 IST Jio Platforms’ debut generated combined turnover of ₹26,571 crore on the NSE and BSE, making it the most actively traded stock during Wednesday’s session. Shares of Jio Platforms Ltd. will be in focus on Thursday, October 29, after the telecom operator made a strong stock market debut, with its shares rising nearly 27% from the IPO price and combined trading turnover on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) exceeding ₹26,500 crore. The stock listed at ₹1,358, a premium of 21.36% over its issue price of ₹1,119. It extended its gains through the session, closing at ₹1,419, up 26.81% from the IPO price. The closing price represented a gain of ₹300 per share for investors who subscribed to the issue at the upper end of the price band. The listing valued Jio Platforms at around ₹12.5 lakh crore at the opening price, making it India’s second-most valuable listed company and its largest telecom operator. By the close, its market capitalisation had risen to approximately ₹13.1 lakh crore. Jio Platforms clocks ₹26,571 crore in turnover Jio Platforms’ debut generated combined turnover of ₹26,571 crore on the NSE and BSE, making it the most actively traded stock during Wednesday’s session. The figure accounted for nearly 88% of the combined turnover of Nifty 50 constituents, which stood at ₹30,152 crore. The stock recorded turnover of ₹24,276 crore on the NSE and ₹2,295 crore on the BSE, with around 19.4 crore shares changing hands. Among other Nifty 50 constituents, Bharti Airtel recorded turnover of ₹2,827 crore, followed by Reliance Industries at ₹2,565 crore and Larsen & Toubro at ₹2,363 crore. The trading activity accompanied a strong debut for the telecom operator amid a broader equity market selloff. Jio Platforms raised around ₹30,200 crore through its IPO by selling approximately 27 crore shares, making it the largest initial public offering in India. The listing has strengthened the market position of the Reliance Industries group, which has overtaken the Tata group to become India’s most valuable conglomerate, according to the figures provided. Reliance Industries has a market capitalisation of around ₹16.2 lakh crore, while Jio Platforms’ valuation stood at approximately ₹13.1 lakh crore at Wednesday’s closing price. Together, the two companies rank ahead of other major listed businesses, including Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services, Bajaj Finance and Larsen & Toubro. Jio Platforms’ market debut also lifted its valuation to around $137 billion, placing it among the world’s most valuable telecom companies. At least four brokerages, including Nomura and Motilal Oswal Securities, initiated coverage on Jio Platforms, setting price targets ranging from ₹1,340 to ₹1,435 per share. The stock closed above the Bloomberg consensus 12-month price target of ₹1,373, based on the figures provided. Disclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.
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