Jio valuation may jump to $190 billion by 2028, says CLSA, raises RIL target price to Rs 1,800
CLSA expects Jio Platforms’ valuation to surge toward $190 billion by 2028, driven by a potential IPO, accelerating free cash flow, 5G monetisation and subscriber growth, lifting Reliance Industries’ target price despite more cautious assumptions for retail and new energy.
CLSA expects Jio Platforms’ valuation to surge toward $190 billion by 2028, driven by a potential IPO, accelerating free cash flow, 5G monetisation and subscriber growth, lifting Reliance Industries’ target price despite more cautious assumptions for retail and new energy.
