Reliance draws 'Buy' from Jefferies, Nomura, Motilal with up to 28% upside after Jio IPO filing
At its AGM, Reliance detailed Jio's SEBI IPO filing (possible end-2026 listing), with brokerages reiterating 'Buy' calls on targets of Rs 1,640-1,675. Jio, valued at Rs 11-12 trillion with 524M subscribers, anchors the thesis alongside Retail's manufacturing/export push and RCPL consumer brands.
At its AGM, Reliance detailed Jio's IPO filing with SEBI (possible end-2026 listing) alongside growth plans for Retail's manufacturing/export push and RCPL consumer brands. Jefferies, Nomura, Motilal reiterate 'Buy' with up to 28% upside.