Brokerages see up to 28% upside in Reliance after Jio DRHP filing at AGM
Motilal, Jefferies and Nomura reiterated Buy on Reliance Industries with targets up to Rs 1,675 (28% upside) after Jio Platforms filed its DRHP for a possible end-2026 listing. Jio valued at Rs 11-12 trillion; Reliance flagged Retail's manufacturing/exports push and RCPL scaling as a consumer brands platform.
At Reliance's AGM, brokerages reiterated Buy ratings with up to 28% upside after Jio Platforms filed its DRHP for a possible end-2026 listing. Reliance detailed growth engines including Retail's manufacturing/exports push and RCPL scaling as a consumer brands platform.