Brokerages see up to 28% upside in Reliance after Jio IPO filing
At RIL's 49th AGM, Jefferies (Rs 1,675), Motilal (Rs 1,655) and Nomura (Rs 1,640) reiterated Buy following Jio's DRHP filing, valuing the platform at Rs 11-12 trillion. Retail's manufacturing and export push, plus RCPL scaling as a consumer-brands platform, underpin the medium-term growth thesis ahead of a listing by end-2026.
At RIL's 49th AGM, brokerages Jefferies, Nomura and Motilal reiterated Buy with up to 28% upside after Jio's DRHP filing. Growth engines include Jio listing, Retail's manufacturing/export push, and RCPL scaling as a consumer-brands platform.