Reliance Jio Platforms shares: After 26.68% IPO debut gains, jump 5% more - What should investors do? Buy more or exit?
New Delhi, Oct. 29 -- Reliance Industries-backed Jio Platforms continued its strong stock market debut on Thursday, October 29, with shares rising another 5% in intraday trade after a blockbuster listing a day earlier. The stock climbed to an intraday high of Rs.1,490, taking its gains to around 33% above the initial public offering (IPO) price of Rs.1,119 in just two trading sessions.
Jio Platforms shares had surged nearly 27% on their first day of trading on Wednesday to close at Rs.1,468.80. The stock's strong performance has drawn investor attention to India's largest telecom operator by market value, with brokerages highlighting its subscriber base, potential tariff increases, broadband expansion and digital services as key growth d...
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