Jio Platforms gets first Buy call ! Nomura says ‘disruptor now the leader’ ; starts coverage with Rs 1,340 target

Shares of Jio Platforms listed at Rs 1,359 on BSE and NSE, a premium of 21% over the IPO price. Nomura set a target price of Rs 1,340, implying 20% upside from the issue price of Rs 1,119. The brokerage cites Jio’s leadership in wireless subscribers, data traffic and home broadband, adding that (…)