Brokerages see up to 28% upside in Reliance after Jio IPO filing; Retail eyes manufacturing push
At Reliance's 49th AGM, Jefferies, Nomura and Motilal reiterated Buy calls with targets up to Rs 1,675 (28% upside) after Jio filed its DRHP. Management flagged Retail's expansion into manufacturing and exports, plus 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 filed its DRHP. Reliance flagged multiple growth engines including Retail pushing into manufacturing/exports and RCPL scaling as a consumer brands platform.