Brokerages see up to 28% upside in Reliance after Jio IPO filing; retail arm pushes manufacturing and RCPL brands
Jio Platforms filed its DRHP with SEBI, targeting a listing by end-2026 at a Rs 11-12 trillion valuation. Jefferies, Nomura and Motilal reiterated 'Buy' on Reliance Industries with targets up to Rs 1,675. Reliance Retail is expanding into manufacturing, exports and the RCPL consumer-brands platform.
Reliance AGM outlined growth across telecom, retail, AI and clean energy; Jio filed IPO DRHP with SEBI. Brokerages Jefferies, Nomura, Motilal reiterated 'Buy' with up to 28% upside. Retail arm pushing into manufacturing, exports, and RCPL consumer brands platform.