{
  "id": 17014523,
  "title": "Jio Stock Jumps 5% On Day 2, Shares Gain 33% From IPO Price",
  "url": "https://urgent.news/2026/10/29/jio-stock-jumps-5-on-day-2-shares-gain-33-from-ipo-price",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T05:26:59.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/jio-stock-jumps-5-on-day-2-shares-gain-33-from-ipo-price"
  },
  "original_language": "en",
  "account": "Jio Platforms shares experienced a significant surge on the second day of trading, climbing more than 5% to reach ₹1,489.70 on the National Stock Exchange. This marked a notable 33% increase from its initial public offering price of ₹1,119. The stock, backed by Reliance Industries, made its debut on Wednesday, opening at ₹1,358, a 21.36% premium over the issue price. By Thursday, BSE shares closed at ₹1,417.35, marking a 26.66% gain from the IPO price, while the NSE closed at ₹1,417.50, reflecting a 26.67% premium. Market capitalization surged by ₹99,273.35 crore, taking the company's valuation to ₹13,49,859.74 crore. Ambani expressed gratitude to investors for their strong participation, noting demand exceeded ₹7.5 lakh crore, making the IPO India's largest public offering. Jio's IPO surpassed Hyundai Motor India's ₹27,870 crore offering to become the largest in Indian history. The company's digital platforms served over 540 million customers, and Ambani emphasized Jio's role in digital connectivity.",
  "summary": "Jio Platforms shares continued their upward momentum for the second consecutive trading session on Thursday, following a strong stock market debut a day earlier. The Reliance Industries-backed company's shares opened higher and climbed more than 5% during intraday trading, reaching ₹1,489.70 on the National Stock Exchange (NSE). At this level, the stock was trading over 33% above its initial…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}