Reliance files Jio DRHP; Jefferies, Nomura, Motilal see up to 28% upside
Reliance Industries filed Jio Platforms' DRHP with SEBI, targeting a possible end-2026 listing at an Rs 11-12 trillion valuation. Brokerages reiterated Buy with target prices up to Rs 1,675 (28% upside), citing a growth roadmap across telecom, retail, AI and clean energy.
Reliance filed Jio Platforms' DRHP with SEBI, targeting a possible end-2026 listing. Brokerages Jefferies, Nomura and Motilal reiterated Buy with up to 28% upside, citing the AGM growth roadmap spanning telecom, retail, AI and clean energy.
Why this matters
The DRHP filing crystallizes prior Street signals that saw up to 28% upside in Reliance after the Jio IPO move, with brokerages also flagging retail's push into manufacturing and exports.
Retail-company signals are accelerating, up 676100% QoQ.