Brokerages see up to 28% upside in Reliance after Jio files DRHP for 2026 listing
Jefferies, Nomura and Motilal Oswal reiterated 'Buy' on Reliance Industries following Jio Platforms' DRHP filing, with target prices up to Rs 1,675. Jio valued at Rs 11-12 trillion; brokerages cite growth across retail, RCPL consumer brands, new energy and AI. Retail and RCPL momentum underpin the medium-term thesis.
At Reliance's 49th AGM, brokerages Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside after Jio filed its DRHP for a 2026 listing, citing growth across retail, RCPL consumer brands, new energy and AI.