Reliance and Airtel Rally as Jio IPO Pricing Recasts Valuations
Reliance Industries rose more than 3% intraday on Thursday, its biggest intraday gain in over two months, after the pricing of Jio Platforms’ IPO. Investors bet the listing would unlock additional value for the conglomerate.
By Bharath Rajeswaran and Mridula KumarReliance Industries NSE:RELIANCE1! rose more than 3% on Thursday, its biggest intraday rise in over two months, after the IPO pricing of its telecom unit Jio Platforms, as investors bet the listing would unlock additional value for the conglomerate.Shares of B…