Reliance Industries share price falls 2.5% despite Jio IPO buzz: What should Mukesh Ambani stock investors do?

Reliance Industries shares fell up to 2.5% to an intraday low of ₹1,192.75 on BSE, trading near its 52-week low of ₹1,152.30, even as its subsidiary Jio Platforms filed its RHP for an IPO scheduled to open on October 21-23, 2026. Jio Platforms set a price band of ₹1,065-₹1,119 per share, aiming to raise between ₹28,755 crore and ₹30,213 crore through a fresh issue of up to 27 crore shares with no offer-for-sale component, potentially making it India's largest-ever IPO. The stock was trading about 26% below its 52-week high of ₹1,611.20, with technical analysts flagging improving short-term momentum and key support at ₹1,160.