Street View: Reliance's push into AI, Jio listing seen as upcoming growth drivers
BUZZ-Street View: Reliance's push into AI, Jio listing seen as upcoming growth drivers June 22 (Reuters) - ** Reliance Industries RELI.NS highlights AI, Jio IPO and new energy as its key growth drivers at shareholders meeting last week
** Stock up 0.7% at 1,319.70 rupees
AI, JIO IPO, NEW ENERGY BETS DRIVE OUTLOOK
** CLSA ("outperform," PT: 1,800 rupees) says AI is central to strategy, with 120 MW compute capacity due by end-2026 and a target to double EBITDA over five years
** Nomura ("buy," PT: 1,640 rupees) highlights Jio IPO filing as a key catalyst, valuing the telecom unit at $117–127 bln, while calling AI and new energy early stage but promising
** Jefferies ("buy," PT: 1,675 rupees) says Reliance is building India's "sovereign AI backbone" and expects new energy to start contributing from FY27
** Emkay Global ("buy," PT: 1,680 rupees) flags Jio IPO progress and scaling AI infrastructure, with meaningful earnings contribution from new energy expected from FY27
(Reporting by Kashish Tandon in Bengaluru)
((kashish.tandon@thomsonreuters.com; 8800437922))
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