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Jefferies has maintained a 'Buy' rating on Supreme Industries, raising the target price from Rs 5,390 to Rs 6,700. Additionally, Jefferies has reiterated its 'Buy' rating on Reliance Industries, setting a target price of Rs 3,580 per share. The brokerage firm also projects that Reliance Jio, the telecom arm of Reliance Industries, could go public in 2025 with a valuation of $112 billion (Rs 9.3 lakh crore). This potential IPO is expected to have a significant impact on the market, with Jefferies seeing a 13% upside in Reliance Industries' shares.
Brokerages have maintained a positive outlook on #Mahindra & Mahindra (M&M) despite the recent price cut on the XUV 700. Both Morgan Stanley and Investec see the price reduction as a strategic move that is unlikely to have a significant negative impact on the company’s long-term…
#Jefferies sees 13% upside in Reliance Industries; Expects Reliance #Jio to list by 2025 with $112 billion valuations https://t.co/ZZIn6IFD2L
Reliance may list Jio at $112 billion valuation next year, Jefferies says: https://t.co/rHTp1X3u5z by TechCrunch #infosec #cybersecurity #technology #news