On its first day of listing, Jio received buy ratings from Nomura, Motilal Oswal, and Elara for the first time.
Ai Focus
Three securities firms provided coverage on the first day of trading of Jio Platforms, all giving a buy rating, with target prices about 20% to 22% higher than the issue price of 1119 rupees. Elara Securities offered the highest target price of 1367 rupees, followed by Motilal Oswal at 1350 rupees and Nomura's at 1340 rupees.
Jio Stock Price Target: Nomura, Motilal Oswal and Elara initiate coverage and issue a buy rating
Three securities firms launched coverage on the first day of trading of Jio Platforms, all giving it a buy rating, with target prices about 20% to 22% higher than the issue price of 1119 rupees.
Among them, Elara Securities offered the highest target price of 1367 rupees; followed by Motilal Oswal with 1350 rupees, and Nomura's bid of 1340 rupees.
Nomura states that Jio is an industry leader with a scale advantage and is entering a more dynamic phase. Nomura values it at 12 times the rolling EBITDA as of December 2028, which is the same multiple used for its valuation of Bharti Airtel's Indian wireless business.
All three institutions pointed out that after the mobile service, home broadband will become the second key growth driver for Jio.
Follow HKWDB official accounts to stay updated
Views 28
HKWDB reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
No comments yet. Be the first!
Jack Dorsey's Spiral Warning: Bitcoin is losing to stablecoins in the payment competitionThe Bitcoin development team supported by Block warns that despite seven years of improvements in payment technology, the adoption of Bitcoin as a daily payment tool remains weak. They call for more radical solutions to enhance its payment competitiveness over the next five years. The report indicates that stablecoins are gaining momentum in online commerce and automated payments, while Bitcoin faces obstacles such as insufficient demand, price volatility, and U.S. tax regulations.
crypto.news
·2026-10-28 13:51:028 
Jio 2026 Stock Price: Should Buy Now or Continue to Wait and See?Jio Platforms opened at 1,358 rupees on Wednesday, which is 21.4% higher than the issue price of 1,119 rupees. The target prices for Nomura, Motilal Oswal, and Elara have been approached or even surpassed. Analysts have differing opinions on the potential for further gains, with some suggesting that if there is a pullback after listing, it would be an opportune time to consider buying again.
Coinpedia
·2026-10-28 13:41:1912 
Former Intel CEO Kissinger bets on new AI memory: Plans to bypass EUV lithography, samples available in 4 yearsAccording to technology media sem, former Intel CEO Pat Gelsinger is supporting memory startup Nagare Labs through venture capital firm Playground Global in the development of next-generation storage technology Z2RAM. The company has recently completed a $5 million seed round of financing led by Playground Global, with the goal of creating computing memory that combines SRAM speed with DRAM density in order to alleviate the "memory wall" bottleneck.
The Block
·2026-10-28 13:30:3015 
Gu Jie, Vice President of Xpeng Group: IRON Robot solid-state batteries have entered small-scale mass productionNews from the IT Home on October 28th, according to reports from Yicai and Sina Auto, Gu Jie, Vice President of Xpeng Group, stated at today's SAECCE annual meeting that Xpeng's IRON robot solid-state batteries have begun mass production in small batches, and the robots are currently at the stage before SOP (standard operating procedures). Gu Jie mentioned that Xpeng has launched solid-state batteries dedicated for robots, which feature a high energy density design and have been re-engineered to meet battery standards. These batteries are also designed to prevent thermal runaway and can withstand impacts, punctures, and other tests.
The Block
·2026-10-28 13:10:5613 
The latest gray market price before the listing of Jio is outOn the morning of its listing, Jio Platforms had a grey market premium of 247 rupees, suggesting that the opening price might be close to 1,366 rupees, which is about 22.07% higher than the issue price of 1,119 rupees. In contrast, Paras Healthcare, which will also be listed on Wednesday, has a grey market premium of only 13 rupees, indicating that market expectations as of October 27th are significantly weaker.
Coinpedia
·2026-10-28 13:00:2421 View More
