Reliance eyes 28% upside as Jio files DRHP; brokerages reiterate Buy
At its 49th AGM, Reliance detailed growth across telecom, retail, AI and energy, filing Jio's DRHP with SEBI for a possible end-2026 listing. Jefferies, Nomura and Motilal reiterated Buy with target prices up to Rs 1,675 (28% upside). Reliance Retail is pushing into manufacturing and exports.
At its 49th AGM, Reliance outlined growth across telecom, retail, AI and energy, filing Jio's DRHP with SEBI for a possible end-2026 listing. Brokerages Jefferies, Nomura, Motilal reiterated Buy with up to 28% upside; Retail pushing into manufacturing and exports.