Motilal, Jefferies, Nomura see up to 28% upside on Reliance after Jio IPO filing
Brokerages set targets up to Rs 1,675 on Reliance Industries following Jio Platforms' SEBI IPO draft. AGM growth roadmap spans retail manufacturing/exports, RCPL consumer brands, telecom, AI and clean energy, reinforcing parent-level capital flows.
Brokerages see up to 28% upside on Reliance Industries after Jio Platforms filed its IPO draft with SEBI. AGM outlined growth across retail (manufacturing/exports), RCPL consumer brands, telecom, AI and clean energy, reinforcing parent-level capital flows.
Why this matters
Reinforces the bullish brokerage view after Reliance filed the Jio IPO DRHP, with Jefferies, Nomura and Motilal repeatedly flagging up to 28% upside across recent signals.
Retail-company theme accelerating at +768400% QoQ.