Motilal, Jefferies, Nomura see up to 28% upside in Reliance after Jio IPO filing
Post-AGM, Reliance filed Jio Platforms' DRHP for a possible 2026 listing at an Rs 11-12 trillion valuation. Brokerages maintained Buy with targets of Rs 1,640-1,675. Reliance Retail is pushing manufacturing and exports as part of the broader growth narrative across telecom, retail, AI and energy.
At its 49th AGM, Reliance detailed growth across telecom, retail, AI and energy, with Jio Platforms filing its IPO DRHP for a possible 2026 listing. Brokerages Jefferies, Nomura and Motilal maintained Buy, seeing up to 28% upside; Retail pushing manufacturing/exports.
Why this matters
Extends Reliance's post-AGM momentum, where the Jio DRHP filing is being read as a value-unlock trigger across telecom, retail and AI, with brokerages converging on up to 28% upside.
Retail-company signals are accelerating, up 557800% QoQ.