Motilal, Jefferies, Nomura flag up to 28% upside in Reliance after Jio IPO filing
At its 49th AGM, Reliance filed Jio's IPO DRHP with SEBI targeting a late-2026 listing, valuing the telecom arm at Rs 11-12 trillion ($117-127bn). Brokerages reiterated 'Buy' with targets of Rs 1,640-1,675, citing growth across retail, telecom, AI and energy.
At its 49th AGM, Reliance detailed growth across retail, telecom, AI and energy, and filed Jio's IPO DRHP with SEBI targeting a late-2026 listing. Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside.