Jio valuation may jump to $190 billion by 2028, says CLSA
Jio Platforms’ enterprise valuation (EV) could climb to about $190 billion by March 2028, with CLSA arguing that the planned listing of the Reliance unit could create one of the world’s top 10 telecom stocks and drive upside in Reliance Industries’ share price. The brokerage has raised its 12‑month target price on Reliance Industries to ₹1,800 from ₹1,650 while reiterating an “Outperform” rating, even after trimming valuation multiples for the group’s retail and new energy businesses.
