BusinessPhoto: News18 BusinessJio Platforms IPO Debuts Strong with Buy Ratings from Analysts
Jio Platforms Ltd debuted on the Indian stock market on October 28, listing at Rs 1,358 per share, a 21.36% premium over its IPO price of Rs 1,119. Brokerages including Motilal Oswal, Nomura, and Elara Capital initiated coverage with 'Buy' ratings, citing growth potential in telecom, broadband, and digital services. Target prices range from Rs 1,340 to Rs 1,367 per share. The IPO raised Rs 30,213 crore, marking a significant event in India's capital markets.
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