Motilal Oswal flagged potential value unlocking in Reliance Industries via the upcoming Jio Platforms IPO and reiterated its call on the stock

Wed 7 Oct 2026

Jio Platforms IPO valuation ask

Rs 11 lakh crore

Reliance stake in Jio Platforms

66.4 percent

Holdco discount already priced in

18 to 36 percent

Heard on business television between 13:10:07 - 13:13:07 IST.

• Motilal Oswal's note followed Bloomberg reports that Jio Platforms is seeking a valuation of Rs 11 lakh crore for its upcoming IPO, which the brokerage said is broadly in line with its own expectations.
• Post listing, a holdco discount could apply to Reliance's 66.4% stake in Jio Platforms, but Motilal Oswal believes the stock already factors in an 18-36% holdco discount.
• The brokerage noted both Bharti Airtel and Reliance Industries have underperformed the Nifty in 2026 so far, partly due to delayed tariff increases.
• Motilal Oswal said the Jio Platforms IPO provides headroom for value unlocking, with Reliance remaining a play on India's largest retailer, largest integrated energy company and various growth optionalities, plus earnings upgrades from a stronger refining and petrochemical cycle.

The call above is Motilal Oswal's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.