Brokerages See Up to 28% Upside in Reliance After Jio IPO Filing
Following Jio Platforms' DRHP filing with SEBI and a targeted 2026 listing, Jefferies, Nomura and Motilal Oswal reiterated 'Buy' on Reliance Industries with target prices up to Rs 1,675 (28% upside). Retail arm is expanding into manufacturing, exports and consumer brands via RCPL.
At Reliance's 49th AGM, brokerages Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside after Jio Platforms filed its DRHP with SEBI, eyeing a 2026 listing. Retail is pushing into manufacturing, exports and consumer brands via RCPL.
Why this matters
Reinforces a consistent bullish brokerage view on Reliance tied to the Jio IPO filing, alongside signals flagging up to 28% upside and the retail push into manufacturing.
Retail-company theme accelerating at +568100% QoQ.