Jio Platforms has entered the public market with significant momentum as three prominent brokerage firms immediately initiated coverage with buy ratings on its first day of trading. The analysts from Nomura, Motilal Oswal, and Elara Securities all expressed optimism regarding the company’s trajectory, suggesting that there is substantial room for growth beyond the initial offering price of 1,119 rupees.
The projections across the board indicate an expected climb of roughly 20 to 22 percent over the issue price. Leading the bullish sentiment is Elara Securities, which set the most ambitious target at 1,367 rupees. Close behind are Motilal Oswal and Nomura, who have pegged their targets at 1,350 rupees and 1,340 rupees respectively, signaling a broad consensus among institutional investors that the stock is undervalued at its debut level.
Analysts highlighted Jio’s dominant position in the market as a primary driver for these positive outlooks. Specifically, Nomura described the company as a scale leader that is now transitioning into a pivotal new phase of operational maturity. This combination of massive existing infrastructure and future expansion plans appears to be giving Wall Street and Dalal Street confidence in Jio’s ability to deliver long term value to its shareholders.
