Religare sees 47% upside in Reliance Industries on Jio IPO hopes
In short
Religare Broking says Reliance Industries shares could rise 47%. The view comes as the stock has spent nearly two years moving in a broad trading range, and investors are watching for value to be unlocked through a possible Jio IPO.
This matters for Reliance shareholders and the wider market. The report does not say when any Jio listing might happen or whether Reliance has confirmed plans.
What the reporting says
Reliance Industries shares could rise 47%, according to Religare Broking analyst Ajit Mishra, who said the stock has traded in a broad range for nearly two years. The publisher summary says valuation premiums across Reliance’s businesses have moderated, and the view is tied to value unlocks linked to a possible Jio IPO. The reporting does not give a Jio listing date or any company response.
Why it matters
Religare Broking’s Ajit Mishra said Reliance Industries shares could have 47% upside after nearly two years of range-bound trading. The summary links the view to possible value unlocks across Reliance’s businesses, including a Jio IPO. The reporting does not confirm any listing timetable or provide new financial guidance from Reliance, so the catalyst remains uncertain.