Brokerages see up to 28% upside in Reliance after Jio IPO filing
Motilal, Jefferies and Nomura reiterate 'Buy' on Reliance Industries with targets up to Rs 1,675, citing Jio's SEBI IPO filing (possible end-2026 listing), Retail's push into manufacturing/exports, and RCPL scaling as a consumer brands platform.
At Reliance's AGM, brokerages reiterated 'Buy' with up to 28% upside, citing Jio's SEBI IPO filing (possible end-2026 listing) plus growth engines including Retail pushing into manufacturing/exports and RCPL scaling as a consumer brands platform.
Why this matters
Builds on Reliance's stated next growth phase across Jio IPO, AI, retail scale-up and new energy, now backed by brokerage targets following the SEBI filing and Retail's manufacturing push.
Retail-company signals are accelerating, up 418600% QoQ.