Reliance draws up to 28% upside from Jefferies, Nomura, Motilal after Jio IPO filing
Reliance Industries filed Jio Platforms' DRHP with SEBI at its AGM, targeting a listing by end-2026 at an Rs 11-12 trillion valuation. Analysts reiterated 'Buy' with TPs of Rs 1,640-1,675, citing Jio (524M subscribers, 51.9% EBITDA margin) alongside retail, AI and clean energy as key value drivers.
Reliance Industries filed Jio Platforms' DRHP with SEBI at its AGM, outlining growth across telecom, retail, AI and clean energy. Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside, citing Jio as top value driver.