New Delhi, Oct. 28 -- Jio Platforms shares made a strong debut on the stock exchanges, opening at Rs.1,358 apiece on both the BSE and NSE, a premium of 21.36% over the issue price of Rs.1,119. The stock opened above the target price of Rs.1,350 set by Motilal Oswal Financial Services, which had initiated coverage with a 'Buy' rating ahead of the listing.

Jio Platforms shares touched an intraday high of Rs.1,375 on the BSE and NSE.

The listing gives investors an early glimpse of market expectations for Reliance Industries' digital services arm, whose growth prospects are closely tied to telecom tariff increases, subscriber additions, expansion of home broadband and the scaling up of its digital platform businesses.

Jio Platforms IPO com...