The global investment bank estimates that a 20% probability is being built at the current stock price. “Our FY24-25 EPS is 11-17% below consensus. The stock trades at FY24 EV/EBITDA of 17x,” the note added.
Jio Platforms recently debuted on the stock market with a strong initial premium over its IPO price. The company is well-positioned for growth due to
Jio Platforms has become India’s most widely held listed stock, with 79.6 lakh shareholders following its blockbuster IPO, overtaking Tata Motors Passenger Vehicles, Reliance Industries
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