Reliance Jio IPO: Mukesh Ambani’s Reliance Industries may soon list its telecom company Reliance Jio on the stock exchange. In such a situation, global brokerage house Jefferies in its research report advised investors to buy the shares of Reliance Industries and said that there is a possibility of strong rise in the stock. According to Jefferies, there is every possibility of Jio’s listing in the year 2025.
Reliance stock will give bumper returns!
Jefferies, in its research note, advised to buy the shares of Reliance Industries and said that the stock can go up to Rs 1700. On Tuesday 26th November, Reliance stock is trading around Rs 1290. That means from the current level the stock can give returns of up to 32 percent to its investors.
Reliance Jio listing possible in 2025!
The brokerage house said in its report that Reliance’s telecom company Reliance Jio is very strong in home broadband and is in a better position for monetization of 5G. Regarding the retail business of the group, the brokerage house said that October has been a great month for the retail business but for sustained recovery we will have to wait for two quarters. Jefferies has estimated the valuation of Reliance Retail at $57 billion.
There were indications of listing in 2019
If Reliance Jio is listed on the stock exchange, then apart from Reliance Industries and Jio Financial Services Limited, this group will be the third company which will be listed on the stock exchange. In fact, in the year 2019 itself, the Chairman of Reliance Industries had announced to list Reliance Jio and Reliance Retail on the stock exchange in the next five years.
CSLA also predicted Jio’s listing in 2025.
Earlier, foreign brokerage house CLSA has also expressed in its report the possibility of Reliance Jio’s mega-IPO being launched in the second or third quarter of 2025. CLSA has given a target of Rs 2186 to the stock of Reliance Industries, which is 70 percent more than the current level, due to value unlocking due to Jio and retail business and the possibility of new energy business being as big as the size of the oil to chemicals business. .
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