Reliance Shares Surge on Jio Tariff Hike and Brokerage Optimism

ustries Ltd. (RIL) shares climbed over 2% on the NSE, reaching a high of Rs 1,413.60, marking gains for the second consecutive session. The rally follows Reliance Jio's decision to discontinue its entry-level 1GB per day prepaid plans priced at Rs 209 (22 days) and Rs 249 (28 days), replacing them with a Rs 299 plan offering 1.5GB per day for 28 days, aligning with competitors Bharti Airtel and Vodafone Idea. IIFL estimates the Rs 249 pack accounted for less than 10% of Jio’s mobile revenues, with the 20% tariff hike likely to boost overall revenue by under 2%. Axis Capital, however, projects a 4-5% increase in Jio’s FY26 revenue and average revenue per user (ARPU), as reported by CNBC-TV18. Morgan Stanley noted the removal of Jio’s Rs 199 and Rs 249 plans, making Rs 299 the new base for 28-day daily data plans.