Nomura Gives Jio Platforms First Buy Call with Rs 1,340 Target
Nomura has issued its first Buy recommendation for Jio Platforms ahead of its stock market debut, setting a target price of Rs 1,340. This implies a 20% upside from the issue price of Rs 1,119. Nomura highlights Jio's leadership in wireless subscribers, data traffic, and home broadband, expecting steady tariff hikes and monetisation growth post-listing.
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