Reliance files Jio DRHP; Jefferies, Nomura, Motilal see up to 28% upside
At its AGM, Reliance filed Jio Platforms' DRHP with SEBI for a possible end-2026 listing, valuing Jio at Rs 11-12 trillion. Retail is pushing into manufacturing/exports with RCPL scaling. Brokerages reiterate Buy with targets up to Rs 1,675 (28% upside).
At its AGM, Reliance filed Jio Platforms' DRHP with SEBI for a possible end-2026 listing, while flagging Retail's push into manufacturing/exports and RCPL scaling. Brokerages Jefferies, Nomura and Motilal reiterated Buy with up to 28% upside.