Reliance files Jio DRHP; Jefferies, Nomura, Motilal see up to 28% upside
Reliance Industries filed Jio Platforms' DRHP with SEBI for a possible end-2026 listing, spotlighting growth across retail, telecom, AI and energy at its AGM. Brokerages reiterate Buy with targets up to Rs 1,675, valuing Jio at Rs 11-12 trillion on 524M subscribers.
Reliance Industries outlined growth across retail, telecom, AI and energy at its AGM, filing Jio Platforms' DRHP with SEBI for a possible end-2026 listing. Brokerages Jefferies, Nomura and Motilal Oswal reiterated Buy with up to 28% upside.
Why this matters
The DRHP filing follows Reliance's Jio IPO papers and its retail pivot to manufacturing, and comes alongside a Rs 93,000-cr m-cap surge as Q1 results line up. Brokerages consistently flag up to 28% upside.
Retail-company signals accelerating at +741900% QoQ.