Stories
Reliance Industries Shows Strong Upside Potential on Refining Margins and Jio IPO
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CNBC TV18•13-10-2026, 09:59
Reliance Industries Shows Strong Upside Potential on Refining Margins and Jio IPO
- •Reliance Industries remains a preferred largecap investment choice despite global market uncertainties.
- •Improving gross refining margins are expected to strongly benefit the company's refining business segment.
- •The anticipated Jio IPO and sustained growth in Reliance Retail serve as key catalysts for future earnings.
- •Goodluck India presents positive prospects following the merger of its defence subsidiary into the listed entity.
Key Questions Answered
Reliance Industries remains a preferred largecap bet due to improving gross refining margins, ongoing growth in its retail business, and the expected Jio IPO.
The Jio Platforms IPO is expected to open for public subscription from October 21 to 23, with stock market listing anticipated around October 28, consisting entirely of a fresh issue of shares.
The listing of Jio Platforms could unlock hidden value for Reliance Industries and potentially drive a re-rating of the stock by narrowing the holding-company discount.
