Reliance Rallies 3.44% as Jio IPO Triggers Value Unlocking

Reliance Industries gained 3.44% on October 15, closing at ₹1,215, as investors reacted positively to the upcoming Jio Platforms IPO. The issue is scheduled to open on October 21 and close on October 23, 2026, with a price band of ₹1,065–₹1,119 per share. The ₹30,213 crore issue could become India's largest IPO. Why is this important? Jio's separate listing could unlock value for Reliance shareholders by providing an independent market valuation for its telecom and digital business. It may also improve transparency around Reliance's stake in Jio and attract fresh investor interest. However, the actual benefit will depend on Jio's valuation, business performance and market sentiment. Technical View Reliance closed at ₹1,215, moving above its 20-day EMA near ₹1,205. The RSI is around 49.6, indicating recovering but not yet strong bullish momentum. The MACD remains in negative territory, although momentum appears to be improving. The stock faces immediate resistance near ₹1,240–₹1,245, followed by ₹1,280. Support lies around ₹1,200 and ₹1,175, while ₹1,113 is a major chart support. The price remains below the 50-day, 100-day and 200-day moving averages, so the broader trend still needs confirmation. My View The Jio IPO is a positive sentiment trigger and a potential value-unlocking event for Reliance. A sustained move above ₹1,245 may strengthen the recovery, while failure to hold ₹1,200 could invite renewed selling pressure. Investors may monitor IPO developments, price action and volume for further clues. Disclosure: The analyst or his family does not have any position in the stock discussed.