Brokerages see up to 28% upside in Reliance after Jio IPO filing
Jefferies (TP Rs 1,675), Motilal (Rs 1,655) and Nomura (Rs 1,640) reiterate 'Buy' post RIL's 49th AGM, citing Jio's SEBI IPO filing, 524M subscribers and growth across retail, RCPL consumer brands, new energy and AI. Jio listing expected by end-2026 at Rs 11-12 trillion valuation.
At RIL's 49th AGM, brokerages Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside, citing Jio's SEBI IPO filing and growth across retail, RCPL consumer brands, new energy and AI.