Brokerage: CLSA | Rating: Buy | Target: Rs 1,710
The brokerage house highlighted how Jio will look to increase its target market and expects Jio to take the next step to monetisation. Further, it sees Jio launching an affordable 4G feature phone within the second quarter of this fiscal. CLSA said that the stock currently was pricing in only USD 2 billion equity value for Jio. The next big event for the stock could be the annual general meeting (AGM).
Brokerage: Citi | Rating: Neutral | Target: Rs 1,955
The global financial services firm said that stock valuations reflected medium term gains to a large extent. Adverse forex volatility in many country remains a concern, it said in a report. It sees innovations in the company as a key booster. Citi also sees FY18 being a better year despite GST transition.
Brokerage: Goldman Sachs | Rating: Buy | Target: Rs 1,900
The brokerage said that increase in receivables for the company, a delay in domestic recovery are key risks to the stock.
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
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