Jio Platforms’ upcoming IPO is priced at a premium, reflecting its market leadership and advanced 4G/5G network. Despite smaller revenues than global giants, Jio commands a higher valuation. The company plans to raise over $4 billion, with an anticipated market cap of ₹12-14 lakh crore. While Jio shows strong customer growth and data traffic, Bharti Airtel leads in ARPU and profitability margins.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings