RIL target price ahead of Jio IPO: 47% upside - Why Religare recommends buying Mukesh Ambani stock before issue launch
60-Word AI Digest
Religare Broking recommends buying Reliance Industries, setting a target price of ₹1,696 against a reference price of ₹1,156, implying 46.7% upside. It sees a potential Jio Platforms IPO, improving cash flows, debt reduction and growth in Retail, O2C and New Energy as catalysts for a re-rating.
Key Takeaways
- Religare Broking recommends buying Reliance Industries, setting a target price of ₹1,696 against a reference price of ₹1,156, implying 46.7% upside.
- It sees a potential Jio Platforms IPO, improving cash flows, debt reduction and growth in Retail, O2C and New Energy as catalysts for a re-rating.
- Full details and original dispatch available below.
Religare Broking recommends buying Reliance Industries, setting a target price of ₹1,696 against a reference price of ₹1,156, implying 46.7% upside. It sees a potential Jio Platforms IPO, improving cash flows, debt reduction and growth in Retail, O2C and New Energy as catalysts for a re-rating.
Original Publisher Attribution
This summary was curated from Livemint.