Jio files IPO DRHP; brokerages see up to 28% upside for Reliance Industries
After the AGM growth roadmap across telecom, retail, AI and clean energy, Jio Platforms filed its IPO DRHP with SEBI targeting an end-2026 listing at a Rs 11-12 trillion valuation. Jefferies, Motilal Oswal and Nomura reiterate Buy, flagging Retail's manufacturing/exports push and RCPL consumer-brand scaling.
Reliance AGM outlined growth across telecom, retail, AI and clean energy; Jio filed IPO DRHP with SEBI targeting end-2026 listing. Jefferies, Motilal, Nomura reiterate Buy with up to 28% upside, citing Retail's manufacturing/exports push and RCPL consumer-brands scaling.
Why this matters
Follows the AGM growth roadmap across telecom, retail, AI and clean energy. Brokerages consistently see up to 28% upside for Reliance, spotlighting Retail's pivot to manufacturing and RCPL brand scaling as core value engines.
Retail-company theme accelerating at +546100% QoQ.