Jio IPO filing lifts Reliance target as brokerages see up to 28% upside
Jefferies, Nomura and Motilal Oswal reiterated 'Buy' on Reliance Industries after Jio Platforms filed its IPO draft, with targets up to Rs 1,675 implying 28% upside. Jio is valued at Rs 11-12 trillion; Retail's manufacturing/export push and RCPL consumer brands scaling are cited as growth engines ahead of a listing by end-2026.
At Reliance's AGM, brokerages Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside after Jio Platforms filed its IPO draft. Growth engines include Retail's manufacturing/export push and RCPL consumer brands scaling.