Brokerages see up to 28% upside in Reliance after Jio IPO filing, Retail eyes manufacturing push
Post-AGM, Reliance filed Jio Platforms' IPO DRHP with SEBI. Jefferies, Nomura and Motilal reiterate Buy with targets of Rs 1,640-1,675. Jio valued at Rs 11-12 trillion; Reliance Retail expanding into manufacturing and exports.
At its 49th AGM, Reliance outlined growth across retail, telecom, AI and energy, filing Jio Platforms' IPO DRHP with SEBI. Brokerages Jefferies, Nomura and Motilal reiterated Buy with up to 28% upside; Retail pushing into manufacturing and exports.