Brokerages see up to 28% upside for Reliance after Jio IPO filing
At Reliance's AGM, the group detailed growth across retail manufacturing/exports, RCPL consumer brands, AI and Jio's SEBI IPO filing targeting a late-2026 listing. Jefferies, Nomura and Motilal reiterated Buy with targets of Rs 1,640-1,675, implying 23.5-28% upside on a Rs 11-12 trillion Jio valuation.
At Reliance's AGM, the conglomerate outlined growth across retail (manufacturing/exports), RCPL consumer brands, AI and Jio's SEBI IPO filing targeting a late-2026 listing. Brokerages Jefferies, Nomura and Motilal reiterated Buy with up to 28% upside.