Brokerages see up to 28% upside in Reliance after Jio files IPO papers
At Reliance's 49th AGM, Motilal Oswal, Jefferies and Nomura reiterated 'Buy' with target prices up to Rs 1,675 after Jio Platforms filed its IPO DRHP. Growth drivers span the Jio listing, Retail's manufacturing and exports push, RCPL consumer brands scaling, New Energy commercialisation and a new AI business.
At Reliance's 49th AGM, brokerages reiterated 'Buy' with up to 28% upside after Jio filed its IPO DRHP. Growth engines include Jio listing, Retail's manufacturing/exports push, RCPL consumer brands scaling, New Energy commercialisation and AI business.