Reliance Industries share price: Jio IPO gets blockbuster response, but stock near 52-week low; what should you do?
Reliance share price: Reliance Industries shares declined around 1.5% on Thursday, October 22, even as Mukesh Ambani-led Jio Platforms’ initial public offering (IPO) drew strong investor demand. The stock’s decline came amid weakness in the broader market. Both Sensex and Nifty fell over 0.5% each.
Jio Platforms’ ₹30,213-crore IPO was fully subscribed within approximately 100 minutes of opening on Wednesday, October 21, making it the fastest among India’s mega IPOs to achieve full subscription.
