CLSA sees 35% upside in RIL, chances of Jio/Retail arm IPOs in next 12 months
The stock is trading at just 5% above its conservative valuation based on a nearly 3-year-old deal value for Reliance Jio and Reliance Retail, a 15% discount to the announced Aramco deal value for its O2C business, and nil value for the new energy business, CLSA said in its report.
