BusinessReliance Shares Rise 2.7% Ahead of Jio IPO Listing
Shares of Reliance Industries surged 2.7% to 1218 on Tuesday following news of Jio's potential IPO. Over two sessions, the stock gained 4.3%. The market expects Jio's separate listing to reveal Reliance's true value. Meanwhile, Jefferies increased Reliance's weight in its model portfolio to 7.5%.
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