Brokerages see up to 28% RIL upside after Jio IPO filing
At RIL's AGM, Jefferies, Nomura and Motilal Oswal reiterated Buy calls with targets up to Rs 1,675 (28% upside) following Jio Platforms' IPO filing for 270M shares (2.9% dilution), valuing Jio at Rs 11-12 trillion. Growth flagged across telecom, retail, consumer brands and AI.
At RIL's AGM, brokerages Jefferies, Nomura and Motilal Oswal reiterated Buy calls with up to 28% upside after Jio's IPO filing. Reliance flagged growth across telecom, retail manufacturing/exports, RCPL consumer brands, energy and AI.