India's Jio Platforms extends gains after blockbuster trading debut
29/10/2026 04:25
BUZZ-India's Jio Platforms extends gains after blockbuster trading debut ** Jio Platforms JIOP.NS rises up as much 5.09% to 1,489.70 rupees
** Stock jumped 26.8% in debut trade on Wednesday to reach a valuation of $137 billion and became India's second most valuable firm
** More than 177 million shares changed hands on Wednesday; co had offered 197.5 million shares in IPO, excluding the anchor book, which is locked-in for some period after listing
** Nomura, Motilal Oswal and Elara Capital initiated coverage on the stock with "buy" rating, while Dolat Capital started with "accumulate"
(Reporting by Kashish Tandon in Bengaluru)
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