Reliance eyes up to 28% upside as Jio IPO filing draws Buy calls from Jefferies, Nomura, Motilal
Reliance filed Jio Platforms' DRHP with SEBI targeting an end-2026 listing at a Rs 11-12 trillion valuation. Jefferies, Nomura and Motilal Oswal reiterated 'Buy', with targets up to Rs 1,675 (28% upside), citing Jio's 524M subscribers and retail as key value drivers.
Reliance Industries filed Jio Platforms' DRHP with SEBI targeting a possible end-2026 listing. Brokerages Jefferies, Nomura and Motilal Oswal reiterated 'Buy' with up to 28% upside, citing Jio as a key value driver alongside retail.