Reliance: Motilal, Jefferies, Nomura see up to 28% upside after Jio IPO filing
Reliance filed Jio's DRHP with SEBI for a possible 2026 listing, valuing the telecom arm at Rs 11-12 trillion. Brokerages reiterate 'Buy' with targets up to Rs 1,675 (28% upside). Retail arm pushes into manufacturing and exports as AGM outlines growth across retail, telecom, AI and clean energy.
At its AGM Reliance outlined growth across retail, telecom, AI and clean energy, filing Jio's DRHP with SEBI for a possible 2026 listing. Brokerages reiterate 'Buy' with up to 28% upside; Retail pushes into manufacturing and exports.