Jio Platforms shares rise 23% as brokerages stay bullish
In short
Reliance Jio Platforms shares are up 23% from the IPO price. The report says the company is now India’s second-most valuable listed firm, and three brokerages still have Buy ratings.
They point to market leadership, possible tariff hikes, broadband growth and digital services. The source does not give a clear next price target for all brokers or say how long the rise may last.
What the reporting says
Reliance Jio Platforms shares have risen 23% from their IPO price, according to the publisher summary, making the company India’s second-most valuable listed firm. Nomura, Elara and Motilal Oswal kept Buy ratings, citing market leadership, possible tariff hikes, broadband expansion and digital services. The report does not provide a new target price for every broker or say whether the rally will continue.
Why it matters
Jio Platforms shares have gained 23% from the IPO price, and the summary says the company is now India’s second-most valuable listed firm. Nomura, Elara and Motilal Oswal kept Buy ratings, citing market leadership, potential tariff hikes, broadband expansion and digital services. The immediate market effect is supportive sentiment, but the source does not quantify the separate target prices or confirm further upside.