Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside

Reliance Industries could see a valuation re-rating as Jio Platforms’ proposed Rs 30,000 crore IPO brings greater transparency to its digital business. Religare has a target price of Rs 1,696 on the stock, implying 46.7% upside from its current market price.

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