Reliance eyes up to 28% upside as Jio DRHP filing unlocks value; retail, telecom, AI in focus
Reliance Industries filed Jio Platforms' DRHP with SEBI, targeting a 2026 listing. Jefferies, Nomura and Motilal Oswal reiterated 'Buy' with target prices up to Rs 1,675 (28% upside), citing retail, telecom and AI as value-creation pathways. Jio valued at Rs 11-12 trillion with 524 mn subscribers.
Reliance filed Jio Platforms' DRHP with SEBI at its AGM, targeting a 2026 listing. Jefferies, Nomura and Motilal reiterated 'Buy' with up to 28% upside, citing retail, telecom and AI as value-creation pathways for the parent.
Why this matters
The DRHP filing builds on brokerage calls flagging up to 28% upside in Reliance after Jio filed IPO papers, with Motilal, Jefferies and Nomura reiterating bullish views.
Retail-company signals are accelerating, up +557300% QoQ.