Brokerages back Jio Platforms IPO, cite strong earnings growth, cash flows and digital expansion
New Delhi, Oct. 18 -- Brokerage houses have recommended subscribing to Jio Platforms' upcoming Rs 30,213 crore initial public offering (IPO), citing its strong earnings growth, improving cash generation and opportunities to expand beyond traditional telecom services into digital technology businesses.
Research reports by Emkay Global Financial Services, Ventura Securities and GEPL Capital highlight the company's market leadership, expanding broadband business and proprietary technology platforms as key factors supporting its long-term growth prospects.
The IPO, which opens for subscription on October 21 and closes on October 23, has a price band of Rs 1,065-1,119 per share. The entirely fresh issue is expected to list on stock exchanges...
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