Jio Platforms climbs 5% on day 2 after strong debut
In short
Jio Platforms shares kept rising on day 2 after a strong debut, and the stock was more than 32% above the IPO price. Nomura, Motilal Oswal and Elara Capital all started coverage with Buy ratings.
This matters because the broker calls can support investor interest. The report says tariff hikes, ARPU growth and digital services may help, but it does not give the current share price or future target levels.
What the reporting says
Jio Platforms shares rose further on day 2 after a strong market debut that left the stock more than 32% above the IPO price. Nomura, Motilal Oswal and Elara Capital started coverage with Buy ratings, citing tariff hikes, ARPU growth and digital services opportunities. The reporting supports a positive market view, but it does not state the latest price or how much each broker expects the stock to gain.
Why it matters
Jio Platforms extended its post-listing gains after a strong debut, with shares said to be more than 32% above the IPO price. Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, pointing to tariff hikes, ARPU growth and digital services opportunities. The report supports a bullish market narrative, but it does not state the latest trading level or the brokers’ specific target prices.