Mumbai, Jan 11, 2026, 02:27 IST — Market closed
- Reliance shares ended Friday slightly higher after a rough week, with traders turning their attention to possible catalysts expected around mid-January.
- Reuters reported that Reliance’s Jio Platforms is mulling a small-float IPO, but only if a rule change goes through.
- Reliance is set to release its quarterly results on Jan. 16.
Shares of Reliance Industries are likely to draw focus when Indian markets open Monday after a Reuters report said its telecom division, Jio Platforms, is planning an IPO this year. The deal would see Jio sell a 2.5% stake in the company. (Reuters)
Reliance shares edged up 0.34% on Friday, finishing at 1,475.30 rupees. While the BSE Sensex slipped 0.72%, the heavyweight stock bucked the downward trend as the market headed into the weekend. (MarketWatch)
Why this matters now: Reliance’s next moves are emerging as a crucial near-term indicator for investors tracking earnings season. They’re focused on whether the group can drive value through new listings and if consumer appetite holds firm in its retail business.
Reliance is set to release its quarterly earnings on Jan. 16, marking the start of a hectic week closely monitored by many investors in India for signs of broader corporate health. (Business Today)
Reuters reports that Reliance plans to offer just 2.5% of Jio in its IPO, reflecting the company’s enormous size. The firm is pushing for a regulatory change to slash the minimum public float for big IPOs from 5% down to 2.5%, subject to approval from the finance ministry. Valuations vary: Jefferies pegs Jio at $180 billion, while some bankers suggest a range between $200 billion and $240 billion. Reliance hasn’t settled on a final price yet. (Fidelity)
Reliance shares have fallen about 8% from their 52-week high of 1,611.80 rupees hit on January 5. The sharp retreat is raising questions about the management’s projections for margins, demand, and capital spending. (NSE India)
Brokerage buzz is driving the moves. Goldman Sachs’ Nikhil Bhandari bumped his price target on Reliance to 1,835 rupees, leaving it solidly on the bank’s Conviction Buy list, according to Streetinsider.
Goldman expects Reliance’s retail arm to report slower earnings growth in Q3, but a boost from energy, particularly refining, should help offset some of that, according to an Investing.com Nigeria summary of the note.
The stock’s steep plunge early in 2026 has ramped up expectations for this earnings report to restore investor faith. Bloomberg, cited in India’s Economic Times, notes the company has lost about $15 billion in market value so far this year. (The Economic Times)
Investors are set to focus on three main areas in the near term: refining margins, which show how profitable it is to convert crude into fuels; retail growth alongside discounting strategies; and developments at Jio’s telecom division, especially any hints on pricing moves and capital spending amid intensifying competition.
Competitive pressures are clear. Valuing Jio inevitably pulls Bharti Airtel into the discussion as a key listed rival. Reuters also pointed to Jio’s move into AI infrastructure and the emerging threat Starlink poses to India’s broadband market. (The New Indian Express)
But the IPO plan depends on one big “if.” If the rule change hits a snag or markets turn choppy, Reliance could delay or scale back the offering. That would put more pressure on retail demand and the energy sector’s momentum to drive the stock higher.
Reliance’s board will meet on Jan. 16 to review and approve its quarterly and nine-month results, then hold a session with analysts. (BSE India)
