#jioindia #mukeshambani #ipo #ipoalert
Jio IPO: आने वाला है JIO का तगड़ा IPO - धमाल करेंगे Mukesh Ambani - जानिए details
There is big news for those investing in the stock market. This news is regarding the IPO of Reliance in the country. The discussion about the IPO of Reliance Jio Infocomm Limited, a company owned by Reliance Industries, is in full swing at the moment. The IPO of the company may come in 2025. Brokerage house Jefferies believes that the valuation of the company can be more than Rs 9 lakh 30 thousand crore.
According to media reports, in its notes shared on July 11, the company has said that Jio's IPO could be listed at $112 billion. Brokerage house also seems bullish on Reliance shares. The brokerage house believes that Reliance shares have seen a rise of 7 percent. Let us tell you, according to Jefferies notes, the IPO will be completely based on offer for sale.
Jefferies has retained its 'buy' tag given to reliance industries. The brokerage house has set a target price of Rs 3580. Let us tell you, since January till now, the share prices of Reliance Industries have seen a rise of 22 percent. Whereas during this period Nifty 50 has seen an increase of 12 percent.
Shares of Reliance Industries opened at the level of Rs 3178. The intra-day high of the company is Rs 3 thousand 182. The 52 week high of the company is Rs 3 thousand 217 90 paise. Whereas, 52 week low level is Rs 2 thousand 221 5 paise. The market cap of the company is Rs 21 lakh 53 thousand 524 crore.
Recently Jio had increased the tariff plan. Jefferies says that Jio is increasing focus on monetization. Let us tell you, after Jio, Airtel and Vodafone-Idea had increased the tariff plans.
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