Reliance's Equity Value Sharply Increased: Experts Forecast 58% Growth

One stock is showing impressive growth. Shares of this company, which was listed on September 7, reached a price of 130 rupees after a period of significant decline. Its initial IPO price was 92 rupees.

This asset has attracted attention due to the good profit made by major investor Vijay Kedia following the recent rise. Major investor Vijay Kedia made a significant bet on the company's shares, owning more than 1 million of them.

The company in question is Ashutosh Fibre, based in Gujarat, which manufactures technical and synthetic yarns. The yarns produced by Ashutosh Fibre are used in the manufacturing of filters, fire-resistant workwear, PPE kits, automotive seat upholstery, and carpets.

The IPO of Ashutosh Fibre was open for subscription on August 31, 2026, and closed on September 2. The IPO price range was 87–92 rupees. The share issue price was 92 rupees, and on September 7, they were traded at 140 rupees and closed at 147 rupees with a listing day gain. The total volume of this IPO reached 560 million rupees.

Major market investor Vijay Kedia holds 1,035,000 Ashutosh Fibre shares, representing a 4.73 percent stake in the company. Vijay Kedia did not acquire his stake in Ashutosh Fibre through the open market; he was a shareholder in the company even before the IPO. Before the IPO, his stake in the company was 6.57 percent. According to the quarterly report for September 2026, Kedia holds 1,035,000 Ashutosh Fibre shares.

A characteristic of Ashutosh Fibre is that it conducts large export shipments to the Chinese market. China is its largest export market, accounting for 30–40 percent of its revenue. For the fiscal year 2026, Ashutosh Fibre generated total revenue of 117.43 crore rupees, and net profit after tax amounted to 16.04 crore rupees.

On September 30, the share price reached 174 rupees, but this was followed by a significant drop. The stock fell by 30 percent from that point, reaching 118 rupees. Nevertheless, a resurgence in growth is now observed, and the price has reached 130 rupees. On Friday, the share value was 130 rupees, showing a decrease of 0.08 percent.

Shares of Jio Platforms, owned by Mukesh Ambani, successfully debuted in the market. Following an impressive listing day, Jio Platforms shares continued to rise on Thursday, showing a significant surge.

Not only did Ambani's shares demonstrate growth, but Piramal Pharma shares, the company of Mukesh Ambani's in-laws, also showed a sharp jump. While Jio grew by over 16% at its listing, it continued to rise on Thursday, bringing returns to investors.

Looking at the dynamics of Jio Platforms shares on the second day after going public, it is worth noting that they debuted in the market with a gain of 21 percent. By the close of trading, this figure exceeded 25%, reaching the mark of 1419 rupees. On Thursday, strong trading was also observed; the shares opened at 1445.90 rupees and quickly rose to 1489.70 rupees.

While Mukesh Ambani's Reliance Industries shares traded sluggishly after the Jio Platforms listing, Piramal Pharma shares, the company of Mukesh Ambani's in-laws, looked like a rocket. These pharmaceutical shares closed at 230.60 rupees, which is 16 percent higher than the previous closing on October 27, when the price was 199.75 rupees. On Wednesday, Piramal Pharma shares soared, and on Thursday, they maintained high momentum, although the growth rate was slightly slower compared to the previous close, trading with a rise of about one and a half percent at 239.54 rupees.

The significant growth of Piramal Pharma shares over two days led to an increase in the company's market capitalization by approximately 18 percent. The level of 239.54 rupees on Thursday was the highest in 52 weeks. As of the time of writing, Piramal Pharma's market capitalization reached 31,060 crore rupees. Over the last six months, this share of Mukesh Ambani's in-laws has grown by 47 percent.

Mukesh Ambani's daughter and Nita Ambani's daughter, Isha Ambani, married into the Piramal family on December 12, 2018, to Anand Piramal. Her father-in-law is Ajay Piramal, who heads the Piramal Group, which is among the country's major corporate dynasties. Ajay Piramal is considered one of the prominent industrialists. His company, Piramal Enterprises, operates in pharmaceuticals, healthcare, and financial services. The Piramal Group's branches are present in 30 countries worldwide. Piramal began his business career in the textile industry in 1977 at the age of just 22 and gained particular fame in the pharmaceutical sector.

There are many stocks in the stock market that bring huge profits to their investors. Some of these multibagger stocks have enriched long-term investors, while others have become real money machines for investors in a very short time.

One such little-known asset is the stock of JTL Defence, which belongs to the defense sector. In one year, the price of this stock has grown from 7 rupees to over 570 rupees.

The price indicators of JTL Defence stock allow for an easy assessment of how profitable this asset has been for investors. Just a year ago, on October 27, 2025, the value of one JTL share traded for only 7.14 rupees. However, on the last working day of last week, despite hitting the lower price level, it closed at 583.10 rupees, and on Monday it opened and dropped to 571 rupees. The maximum price of the stock over the last 52 weeks reached 924 rupees.

Based on the changes in the price of JTL Defence stock over the year, investors achieved an impressive multiple return of 8066 percent. If an investor had invested 100 thousand rupees in the company's shares at a price of 7 rupees and held that position, their funds would have increased to 8,166,000 rupees.

The company belongs to the small-cap segment, and its market capitalization is 613.79 crore rupees. Nevertheless, the stock proved capable of making investors wealthy. In just six months, the price of JTL Defence stock grew by 151 percent, meaning that investors' invested funds more than doubled during this period.

It should be noted that JTL Defence Limited was previously known as RCI Industries & Technologies Limited. The company changed its name in April of this year. JTL Defence Limited is engaged in the production of products made from copper, brass, and other special metals. This product is used in the defense, electrical, automotive, electronic, and industrial sectors.