
After a 12% jump, analysts give 4 reasons Reliance can rise
Monday's rally was the stock's biggest one-day gain since April 2020; brokerages point to volumes, short covering, results and the Jio listing
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Monday's rally was the stock's biggest one-day gain since April 2020; brokerages point to volumes, short covering, results and the Jio listing
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The debut makes Jio Platforms India's second most valuable listed company after parent Reliance; Isha Ambani called it a promise to investors.
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The record IPO was subscribed 22 times, but analysts expect a smaller pop than the grey market and advise those who missed out not to chase the stock.
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Allotment is expected by Monday and refunds by Tuesday for India's largest IPO, which was subscribed more than 22 times.
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