Reliance Industries Valuation Could Rise 47% After Jio IPO
· Business · Economic Times
Reliance Industries may see a significant valuation re-rating following the proposed Rs 30,000 crore IPO of Jio Platforms. Brokerage firm Religare has assigned a target price of Rs 1,696 to the stock, representing a 46.7% upside from its current market price of Rs 1,156. Analysts suggest that an independent market valuation for Jio will provide transparency and help eliminate the holding company discount that has historically affected the conglomerate's stock. The listing is expected to serve as a structural inflection point for the company, allowing investors to better assess the value of its digital business separate from its retail and energy operations.
Why it matters
A successful Jio IPO could unlock significant value for Reliance shareholders by providing a clear, independent market price for the company's largest growth asset.
Read the original report — Economic Times
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