BusinessPhoto: News18 BusinessMotilal Oswal Gives 'Buy' Rating to Jio Platforms on Listing Day
Motilal Oswal initiated coverage of Jio Platforms with a 'Buy' rating and a price target of Rs 1,350, suggesting a 21% upside from the issue price of Rs 1,119. The brokerage expects Jio to expand its digital services, focusing on cloud, IoT, enterprise communications, and 5G partnerships. Revenue is projected to grow at a 14% CAGR from FY26 to FY29, with EBITDA and PAT rising at 15% and 20% CAGR respectively.
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