Reliance Shares at 18-Month Low: Is a Big Re-Rating Ahead? Deven Choksey Explains

Reliance Industries shareholders could benefit from the upcoming Jio Platforms IPO and a potential wave of value unlocking across the conglomerate. Deven Choksey, Managing Director, DR Choksey FinServ Private Limited, believes Reliance could see a re-rating as Jio Platforms and other businesses unlock value through future listings. He estimates Jio's value contribution to Reliance could rise from around ₹400 per share to ₹800 over the next four to five years. He also highlights the potential cash-flow benefits for Reliance shareholders and future IPOs of Reliance Retail, Renewables and Intelligence businesses. Choksey sees the possibility of investors doubling their capital in three years. But can Reliance deliver on these expectations? Watch the full discussion for his outlook.