Reliance files Jio DRHP; brokerages see up to 28% upside as retail arm pushes into manufacturing
At its 49th AGM, Reliance filed Jio Platforms' DRHP with SEBI for a possible end-2026 listing at a Rs 11-12 trillion valuation. Jefferies (Rs 1,675), Motilal (Rs 1,655) and Nomura (Rs 1,640) reiterate Buy. Reliance Retail is expanding into manufacturing and exports alongside AI and energy bets.
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 reiterated Buy with up to 28% upside; Retail pushing into manufacturing and exports.