The countdown for the Jio IPO has begun. According to market experts, Jio’s IPO will be launched on October 21. Before that, the shares of Reliance Industries, the flagship company of Reliance, have seen a big drop. The special thing is that since September 15, i.e. in about a month, the shares of Reliance have seen a decline of more than 6 percent. Due to which the valuation of the company is Rs. There has been a reduction of more than 1 lakh crore.

Looking at the data, it will be known that the stock of Reliance Industries has reached close to the price band of Jio IPO. In such a scenario, the big question is whether Reliance Industries shares are completely dependent on Jio’s IPO? Will Jio’s IPO revive its flagship company’s shares? Does the fate of Reliance Industries shares now depend on the success of the Jio IPO and its excellent listing? Let’s try to understand it in detail…

Shares of Reliance Industries down?

Shares of Reliance Industries, the country’s largest company, have seen a decline of more than 6 percent in the last one month. On September 15, 2026, the company’s share traded on the NSE at Rs. 1,235.30, which has now come down to Rs. It has come to 1160. If we talk about Monday, the company’s shares were down 1 percent at 12.25 pm on NSE at Rs. is trading at 1,158.50. While the company’s share in the morning rose marginally to Rs. opened at 1,180.30. However, the company’s shares have seen a decline of over 26 percent in the current year. The company has high expectations from Jio’s IPO in the coming days.

Why are Reliance shares falling?

Shares of Reliance Industries Limited (RIL) are under a lot of pressure ahead of the launch of Jio Platforms IPO. Due to which the existing shareholders of Reliance Industries are facing many problems. On the other hand, market experts have a slightly different thinking. He believes that this is an opportunity to invest in shares of Reliance Industries. The price per share of Jio Platforms IPO is Rs. 1,065 to Rs. 1,119 is close to the price band. After which it is also believed that when the value of the company is unlocked then the shareholders of Reliance will also benefit from it. However, there is no guarantee that Jio platform shares will be distributed to all the shareholders of RIL.

Apart from this ‘value-unlocking’ factor, experts believe that the Jio platform IPO is an important factor, though not entirely negative. News of a major public offering usually serves to create momentum, but market mood has cooled as recent reports peg the valuation at around $114 billion (Rs 10.3 lakh crore). That is lower than the previous estimate of $130 billion to $170 billion. He said that shares of Reliance Rs. 1,200 level is facing hurdles. If this level is broken, the share price of Reliance will be Rs. Expect to reach around 1,265.

Can Jio platform boost stocks?

Will Jio platform’s IPO breathe new life into Reliance shares? On this, Seema Srivastava, senior research analyst at SMC Global Securities, said in a Mint report that Jio Platform’s IPO is primarily designed as a new capital issue of around 2.9 per cent equity (post-IPO), and not as a large-scale ‘offer-for-sale’ (OFS). This means that RIL itself is not taking cash directly by selling its stake, although it will retain a controlling stake of 64.5 percent, while Jio will use the money to pay down debt and expand.

Experts at SMC Global Securities said arbitrage traders and institutional desks tend to underestimate holding company valuations unless the market determines firm value from listing price bands and post-listing trading performance. So, despite lower-than-expected IPO valuation guidance and weak energy metrics causing short-term selling pressure, this IPO is a strategic and structurally positive move to unlock long-term value once demand in the primary market stabilizes.

Price target for shares of Reliance Industries

On the technical chart signal of Reliance Industries shares, Mahesh M Ojha, VP of Research and Business Development at KC Securities, said in a media report that the immediate support for Reliance Industries shares is at 1,145, while the 1,120 level is the key support for RIL shares. Investors looking to invest for the long term are advised to hold shares, Rs. Maintains stop-loss at 1,085 and keeps buying more shares on every 4%-5% decline. New investors can also adopt the same strategy by including Reliance Industries in their portfolio at current market prices. Ojha said that the shares of Reliance Industries at Rs. Facing resistance at 1200. Based on the close, if the stock breaks this resistance and goes higher, it will soon cross Rs. 1265 level can be reached.