Jio IPO filing lifts Reliance targets; brokerages see up to 28% upside, retail flagged as value engine
At Reliance's 49th AGM, Jio Platforms filed its DRHP with SEBI for a late-2026 listing at a Rs 11-12 trillion valuation. Jefferies, Nomura and Motilal Oswal reiterated 'Buy' with targets of Rs 1,640-1,675, citing Reliance Retail as a key value-creation pathway alongside Jio's 524M subscribers.
At Reliance's 49th AGM, Jio Platforms filed its IPO DRHP with SEBI, targeting a late-2026 listing. Brokerages Jefferies, Nomura and Motilal Oswal reiterated 'Buy' with up to 28% upside, citing retail as a key value-creation pathway.