Ever since the Jio platform got listed on the stock market, there is no sign of stopping. on Wednesday, where the company closed up nearly 27 percent since its issue. On Thursday, the company’s shares jumped more than 33 percent from its issue price to hit a new record high. Shares of the company surged over 5 percent to Rs. 1490 levels were observed. Due to which the valuation of the company is Rs. 67,213 crore had increased.

If experts are to be believed, the company’s shares may rise by 28 percent in the coming days. The special thing is that the Jio platform is only Rs 2.41 lakh crore behind its parent company Reliance Industries in terms of market cap. If Jio shares see a similar rise, Reliance Industries will also be left behind in terms of market cap. Let us also tell you what kind of figures are being seen for the Jio platform in the stock market.

Shares of Jio platform have gained more than 5 percent

If we look at the stock market data, Jio shares rose by over 5 percent in the early trading session and the company’s shares on the Bombay Stock Exchange traded at Rs. reached a record high of 1,490. The special thing is that this level is 33 percent higher than the issue price of the company. While a day earlier, the company’s shares traded at Rs. closed at 1,417.35. If we talk about today, Jio shares opened at Rs 1,448.05. However, at 9.50 am, the company’s shares rose 3.74 percent to Rs. is trading at 1470.40. If the experts are to be believed, the shares of the company may see a further rise in the coming days.

A valuation of Rs. An increase of 67 thousand crores

If we talk about the valuation of the company, it has also increased significantly. When the company’s shares hit record highs, they were valued at Rs. 13,73,974.56 crores. While after the close of the stock market a day earlier, the valuation of the company was Rs. 13,06,761.47 crores. This means that within minutes the company’s market cap rose from Rs. 67,213.09 crores was increased. However, at 9.50 am, the valuation of the company is seen at Rs 13,50,872.73 crore.

Will you leave Reliance behind?

The way the company’s shares are soaring has raised a question whether Jio will overtake its own parent company Reliance Industries as the most valuable company in the coming days. If we talk about today, the stock of Reliance Industries is trading at Rs 1176.40 with an increase of about 1.50 percent at 9.50 am. While the market cap of the company is Rs 15,91,764.87 crore. This means that currently the market cap of Reliance Industries and Jio Platform is Rs. There is a difference of 2.41 lakh crores. Which is not much. If Jio’s pace continues, Jio can also become the most valuable company in the country.

Stock market conditions

On the other hand, if we talk about the stock market, the main index of Bombay Stock Exchange Sensex has increased by 260.9 points to reach 73,506.93 points. While the Sensex opened with a marginal increase at 73,268.47 points. However, a day earlier the Sensex closed at 73,246.03 points. On the other hand, National Stock Exchange’s flagship index Nifty is trading at 22,760.70 points with an increase of around 62 points. During the trading session, the Nifty touched an all-time high of 22,769.70 points. If the experts are to be believed, the ups and downs may be seen in the stock market in the coming days.