Brokerages see up to 28% upside in Reliance after Jio files IPO DRHP with SEBI
At Reliance's 49th AGM, Jefferies, Nomura and Motilal reiterated 'Buy', with targets up to Rs 1,675 (28% upside), after Jio Platforms filed its IPO papers. AGM flagged retail's push into manufacturing/exports and RCPL scaling as a consumer brands platform.
At Reliance's 49th AGM, brokerages Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside after Jio Platforms filed its IPO DRHP with SEBI. AGM highlighted retail pushing into manufacturing/exports and RCPL scaling as consumer brands platform.
Why this matters
Extends the brokerage optimism around Reliance seen after the Jio IPO filing, with fresh emphasis on retail's manufacturing/exports push and RCPL scaling as a consumer brands platform post-AGM.
retail-company theme accelerating at +565800% QoQ.