Brokerages give thumbs up to RIL post the 49th AGM, peg Jio valuation at $117-$127 billion
Brokerages gave a big thumbs up to Reliance Industries Ltd (RIL) following the 49th annual general meeting on Friday, wherein the conglomerate announced launching India’s largest initial public offering (IPO) by taking Jio Platform Ltd (JPL) public, expanding manufacturing capabilities, investing in the AI ecosystem and new energy commissioning milestones. Brokerages have also pegged Jio Platform’s valuation between $115-130 billion, which is in the bandwidth of the m-cap of its biggest competitor, Bharti Airtel.
