Brokerages see up to 28% upside in Reliance after Jio IPO filing; Retail pushes into manufacturing
Reliance's AGM mapped growth across retail, telecom, AI and energy, with Jio filing its DRHP for a possible 2026 listing. Motilal, Jefferies and Nomura reiterated Buy with targets of Rs 1,640-1,675. Reliance Retail is deepening its push into manufacturing and exports.
Reliance AGM outlined growth across retail, telecom, AI and energy, with Jio filing its DRHP for a possible 2026 listing. Brokerages reiterated Buy with up to 28% upside; Retail is pushing deeper into manufacturing and exports.
Why this matters
Follows Reliance pinning its next growth phase on the Jio IPO, AI, retail scale-up and new energy, and Motilal Oswal tagging Reliance as a buy with 26-29% upside. The DRHP filing sharpens the listing timeline.
Retail-company signals are accelerating, up 415200% QoQ.