Jio shares: MOFSL, Elara, Nomura see 20-22% upside; bull, bear targets
Elara and Nomura rate stocks including Reliance Industries.
· Business Today Mkts
Jio Platforms: For every Rs 10 per month change in wireless ARPU, Jio's consolidated Ebitda changes by Rs 3,800-3,900 crore and its target could change by Rs 58 per share or 4 per cent, MOFSL said.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Elara and Nomura, with ratings on the stocks named. The stocks: Reliance Industries (Jio).
- The “22% upside” is the brokerages’ own estimate: the gap between the share price when the note was written and their target price, usually set a year out. It is a forecast by the brokerage, not a move that has happened.
- Over three months: Reliance Industries (Jio) -9.9% against Oil & Energy -5.7% (4.2 points behind).
- At least 25% below the 52-week high: Reliance Industries (Jio) (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Jio)RELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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