Brokerages see up to 28% upside in Reliance after Jio IPO filing
At Reliance's 49th AGM, Jefferies, Nomura and Motilal Oswal reiterated Buy with target prices up to Rs 1,675, citing Jio's IPO filing (valued Rs 11-12 trillion) plus growth engines across Retail's manufacturing and exports push, RCPL consumer brands, New Energy and AI.
At Reliance's 49th AGM, brokerages Jefferies, Nomura and Motilal Oswal reiterated Buy with up to 28% upside, citing Jio's IPO filing plus growth engines in Retail's manufacturing/exports push, RCPL consumer brands, New Energy and AI.
Why this matters
Follows Reliance's Jio DRHP filing with SEBI, which prompted Jefferies, Nomura and Motilal Oswal to flag up to 28% Street upside while Retail eyes manufacturing and exports growth.
Retail-company theme is accelerating, up 671600% QoQ.