Brokerages see up to 28% upside on Reliance Industries after Jio IPO filing

Jefferies, Nomura and Motilal Oswal reiterate 'Buy' on Reliance Industries with target prices up to Rs 1,675 after Jio Platforms files its IPO draft with SEBI. The retail arm is expanding into manufacturing and exports, while RCPL scales as a consumer-brands platform.

— Filed Mon, 13 Jul, 2026, 18:02 IST · Source Financial Express · BrandWagon · Updated

Brokerages Jefferies, Nomura and Motilal reiterate 'Buy' on Reliance Industries with up to 28% upside after Jio Platforms files IPO draft with SEBI. Retail arm pushing into manufacturing, exports; RCPL scaling as consumer brands platform.