Brokerages see up to 28% upside in Reliance after Jio IPO filing, retail push
Jefferies, Nomura and Motilal Oswal reiterated Buy on Reliance Industries post-AGM, with targets up to Rs 1,675 (28% upside). Beyond the Jio IPO filing valuing Jio at Rs 11-12 trillion, they cite Reliance Retail's move into manufacturing/exports and RCPL's consumer brands platform as growth engines.
At Reliance's AGM, brokerages Jefferies, Nomura and Motilal reiterated Buy calls with up to 28% upside, citing Jio IPO filing plus growth engines including Retail's push into manufacturing/exports and RCPL's consumer brands platform.