Brokerages see up to 28% upside in Reliance after Jio IPO filing; retail, RCPL flagged as growth engines
At Reliance's 49th AGM, Jefferies, Nomura and Motilal Oswal reiterated 'Buy' with targets of Rs 1,640-1,675 after Jio filed its IPO prospectus, valuing the unit at Rs 11-12 trillion. Reliance Retail's push into manufacturing/exports and RCPL scaling as a consumer brands platform were cited as key growth drivers.
At Reliance's 49th AGM, brokerages Jefferies, Nomura and Motilal Oswal reiterated 'Buy' with up to 28% upside after Jio filed its IPO prospectus. Reliance Retail pushing into manufacturing/exports and RCPL scaling as consumer brands platform were flagged growth engines.