Brokerages see up to 28% upside for Reliance after Jio IPO filing at AGM
At its 49th AGM, Reliance filed for a Jio Platforms IPO targeting an end-2026 listing, alongside plans for Retail manufacturing/exports, RCPL consumer brands and New Energy. Jefferies, Nomura and Motilal reiterated 'Buy' with targets up to Rs 1,675, implying as much as 28% upside.
At its 49th AGM Reliance unveiled a Jio Platforms IPO filing (targeting end-2026 listing) alongside plans for Retail manufacturing/exports, RCPL consumer brands and New Energy. Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside.