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Motilal Oswal Financial Services initiated coverage of Reliance Industries-backed Jio Platforms with a Buy rating and a Rs 1,350-per-share target. The IPO issue price was Rs 1,119 per share.
Motilal Oswal initiated coverage on Jio Platforms with a buy recommendation and a base-case price target of ₹1,350, indicating 21% upside. The headline also cites a 51% upside in a bull-case scenario.