Reliance climbs 3% as brokerages back AI, consumer, New Energy bets; Jio IPO filed at ~₹37,700 cr
Reliance Industries shares rose nearly 3% to ₹1,324.90 as brokerages flagged AI, FMCG/consumer, and New Energy as key growth engines. The rally coincides with Jio Platforms filing DRHP with SEBI for what could be India's largest IPO at around ₹37,700 crore.
Reliance Industries shares rose nearly 3% as brokerages flagged AI, FMCG/consumer business, and New Energy as growth drivers, alongside the Jio Platforms IPO filing with SEBI, potentially India's largest at ~₹37,700 crore.
Why this matters
Builds on Ambani's pledge to double Ebitda in 5 years and confirm Jio IPO, while Jefferies earlier pinned RIL's rerating on retail recovery and FMCG—now extended to AI and New Energy.
Retail-company signals steady at 3,397 over the last 90 days.
Also reported by
- Mint · Markets — 6h after first sighting