Brokerages see up to 28% upside in Reliance after Jio IPO filing; Retail push into manufacturing flagged
At its 49th AGM, Reliance outlined growth across telecom, retail, AI and energy as Jio filed its IPO DRHP. Jefferies, Nomura and Motilal reiterated 'Buy' with targets of Rs 1,640-1,675, citing Reliance Retail's move into manufacturing and exports and RCPL scaling as a consumer brands platform.
At its 49th AGM, Reliance outlined growth across telecom, retail, AI and energy, with Jio filing its IPO DRHP. Brokerages Jefferies, Nomura and Motilal reiterated 'Buy', citing Retail's push into manufacturing/exports and RCPL scaling as consumer brands platform.