Reliance draws up to 28% upside calls from Jefferies, Nomura, Motilal after Jio DRHP filing
At its 49th AGM, Reliance filed Jio's DRHP with SEBI targeting an end-2026 listing, with the telecom unit valued at Rs 11-12 trillion. Brokerages reiterated 'Buy' with targets of Rs 1,640-1,675, citing growth across telecom, retail, AI and clean energy.
At its 49th AGM, Reliance outlined growth across telecom, retail, AI and clean energy, and filed Jio's DRHP with SEBI targeting an end-2026 listing. Brokerages Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside.