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Brokerages see up to 28% upside in Reliance after Jio IPO filing; Retail pushes into manufacturing
Reliance AGM outlined growth across retail, telecom, AI and energy, with Jio filing its DRHP for a possible 2026 listing. Brokerages reiterated Buy with up to 28% upside; Retail is pushing deeper into manufacturing and exports.
Reported figures
From the report. Source details below
| Jio 270M shares, | 2.9% dilution |
|---|---|
| valuation | Rs 11-12 trillion |
Other figures
- TP Rs 1,675 (28% upside)
- FY26 revenue Rs 1,468.9B
- EBITDA Rs 762.6B
- 524M subscribers
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