Brokerages see up to 28% upside in Reliance after Jio IPO DRHP filing
At its 49th AGM, Reliance detailed growth across telecom, retail, consumer brands (RCPL), energy and AI, and filed Jio's IPO DRHP with SEBI. Jefferies (TP Rs 1,675), Motilal (Rs 1,655) and Nomura (Rs 1,640) reiterate Buy, with Jio valued at Rs 11-12 trillion and a targeted end-2026 listing.
At its 49th AGM, Reliance laid out growth across telecom, retail, consumer brands (RCPL), energy and AI, and filed Jio's IPO DRHP with SEBI. Brokerages Jefferies, Nomura and Motilal reiterated Buy with up to 28% upside.