Analysts expect Jio Platforms' profit to climb 3% in Q2 FY27, while the stock jumps over 4% after a strong market debut.
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Jio Platforms opened 3.3% higher on its debut, pushing its market cap to 13.05 trillion rupees and making it the second‑most valuable Indian company after Reliance Industries.
Jio Platforms surged 21% on its market debut, raising $3.2 billion in India’s largest and most subscribed IPO, which attracted more than $77 billion in bids.
The Jio Platforms IPO opens on Oct. 21, 2026, raising ₹30,200 crore. Analysts highlight the company's reliance on a single distributor, cash‑generation metrics and how its valuation stacks up against Airtel.
Jio Platforms plans to raise up to ₹30,213 crore in its upcoming IPO, with a price band of ₹1,065‑₹1,119 per share and a grey‑market premium suggesting a listing near ₹1,354.
Elon Musk claimed that powerful Indian telecom players are obstructing Starlink's rollout, while the Indian government says the allegations are unfounded.
Vodafone Idea posted a 6% year‑on‑year revenue rise to ₹11,689 crore in Q1 FY27, narrowed its net loss and recorded a 10.2% jump in ARPU to ₹195.