Brokerages see up to 28% upside in Reliance after Jio IPO filing
Motilal Oswal, Jefferies and Nomura reiterated Buy on Reliance Industries post the 49th AGM and Jio's IPO draft filing, with targets ranging Rs 1,640-1,675. Growth engines cited include Retail's push into manufacturing/exports, RCPL consumer brands, New Energy and AI, plus a likely 2026 Jio listing.
At Reliance's 49th AGM, brokerages reiterated Buy ratings with up to 28% upside after Jio Platforms filed its IPO draft prospectus. Growth engines include Retail pushing into manufacturing/exports, RCPL consumer brands, New Energy, and AI, plus a possible 2026 Jio listing.
Why this matters
Builds on the post-AGM signal flagging up to 28% upside in Reliance, now tied to Jio's IPO filing and Retail's manufacturing push into exports.
Retail-company signals accelerating, up +425900% QoQ.