Jio IPO may drive telecom tariff hikes, unlock value; PTs suggest 27% upside

reliance stock, reliance industries, jio ipo, mukesh ambani, reliance AGM [https://invezz.com/wp-content/uploads/2025/09/image-2025-08-19T121537.976.png] Shares of Reliance Industries (RIL) continued their decline on Monday, falling by close to 0.4% after their 2% drop on Friday following the company’s 48th Annual General Meeting (AGM) wherein company chief Mukesh Ambani announced his plan to list the company’s telecommunications arm Jio in the first half of 2026. Despite the market reaction, most analysts remain upbeat on the oil-to-telecom conglomerate’s long-term prospects. They cited the planned listing of Jio, the group’s rapid retail expansion, and its aggressive push into Artificial Intelligence (AI) and new energy ventures as structural growth drivers. JIO IPO SET TO BE INDIA’S BIGGEST LISTING Ending years of speculation, Ambani confirmed on Friday that Reliance Jio will debut on the Indian stock market in the first half of 2026, subject to approvals. The listing, expected to raise more than $6 billion through a 5% stake sale, could surpass Hyundai Motors India’s $3.3 billion flotation in 2024 to become the country’s largest-ever IPO. “Jio is making all arrangements to file for its IPO. We are…