Reliance eyes up to 28% upside as brokerages back Jio IPO filing, retail and AI roadmap
Reliance Industries filed for Jio Platforms IPO with SEBI, targeting an end-2026 listing at a Rs 11-12 trillion valuation. Jefferies, Nomura and Motilal maintained 'Buy' with targets up to Rs 1,675 (28% upside), citing telecom, retail, AI and clean-energy growth.
Reliance AGM detailed Jio Platforms IPO filing with SEBI, targeting end-2026 listing at Rs 11-12 trillion valuation. Brokerages Jefferies, Nomura, Motilal maintained 'Buy' with up to 28% upside, citing telecom, retail, AI and clean-energy growth roadmap.