Brokerages see up to 28% upside in Reliance after Jio files IPO papers
Jefferies, Nomura and Motilal Oswal reiterate Buy on Reliance Industries after Jio Platforms filed its DRHP with SEBI for a possible end-2026 listing. Targets range Rs 1,640-1,675, valuing Jio at Rs 11-12 trillion. Retail arm is expanding into manufacturing, exports and consumer brands.
Reliance's AGM outlined growth across telecom, retail, AI and energy, with Jio filing its IPO DRHP with SEBI for a possible end-2026 listing. Brokerages reiterated Buy, seeing up to 28% upside; Retail is expanding into manufacturing, exports and consumer brands.