Reliance Stock Jumps 3% as AGM Roadmap, Jio IPO Filing Fuel Re-Rating Hopes
Reliance Industries shares climbed ~3% to Rs 1,344.90 after the AGM unveiled a 5-year plan to double EBITDA and Jio Platforms filed its IPO DRHP on June 19. Jefferies maintains Buy with a Rs 1,675 target (27.9% upside), flagging Reliance Retail's manufacturing and exports push across beverages, staples, fresh food and affordable electronics as a key re-rating trigger.
What happened
Reliance Industries shares rose ~3% after AGM growth roadmap and Jio Platforms IPO DRHP filing. Jefferies maintains Buy, citing Reliance Retail's new
Key facts
- +2.7% to Rs 1,344.90
- +2.18% at 10:50 am
- Target Rs 1,675 (from Rs 1,695)
- 27.9% upside
- EBITDA to double in 5 years
- Petrochem margins +140%
Why this matters
Jio's IPO filing and Reliance Retail's manufacturing/export expansion open a window for partnership, supply, and bolt-on M&A conversations across consumer staples, electronics, and fresh-food infrastructure.