Brokerages see up to 28% upside in Reliance as Jio IPO filing, retail expansion drive Buy calls
Jefferies, Nomura and Motilal Oswal reiterated Buy on Reliance Industries after the AGM and Jio's SEBI IPO filing, with targets up to Rs 1,675. Jio valued at Rs 11-12 trillion on 524M subscribers; Reliance Retail pushes into manufacturing, exports and consumer brands.
Reliance Industries' AGM outlined growth across retail, telecom, AI and energy, plus Jio's IPO filing with SEBI. Brokerages (Jefferies, Nomura, Motilal) reiterated Buy ratings citing up to 28% upside; Retail pushing into manufacturing, exports and consumer brands.
Why this matters
Reiterates the Buy momentum building around Reliance Industries, echoing recent signals that flagged up to 28% upside and renewed brokerage conviction following Jio's IPO filing and retail expansion.
Retail-company signals accelerating at +427500% QoQ.