{"id":330202,"date":"2026-10-28T12:13:31","date_gmt":"2026-10-28T06:43:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=330202"},"modified":"2026-10-28T12:13:31","modified_gmt":"2026-10-28T06:43:31","slug":"jio-platforms-target-price-motilal-oswal-rs-1350-buy-call-beaten-on-debut-valuation-tariff-hike-triggers-and-risks-ahead","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jio-platforms-target-price-motilal-oswal-rs-1350-buy-call-beaten-on-debut-valuation-tariff-hike-triggers-and-risks-ahead\/","title":{"rendered":"Jio Platforms Target Price: Share Price Beats Motilal Oswal’s Rs 1,350 Target on Debut, and What Lies Ahead for the Reliance Arm Stock"},"content":{"rendered":"

The Jio Platforms target price set by Motilal Oswal is Rs 1,350 with a Buy rating, and the stock has already traded past it: the NSE price was Rs 1,362.50 at 11:59 AM on Wednesday, 28 Oct 2026, about 0.9% above the target and 21.8% above the issue price of Rs 1,119 (my calculation), after a day high of Rs 1,374.50. Nomura set Rs 1,340 and Elara Capital set Rs 1,367, so the price is above two of the three pre-listing base targets and just below the third.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The Jio Platforms target price from Motilal Oswal is Rs 1,350 with a Buy rating, based on subscriber growth, expected tariff hikes and digital expansion, and the stock listed at Rs 1,358 and reached Rs 1,374.50, so it has already beaten that target on debut. What lies ahead depends on the tariff hike, the Q2 results on 30 Oct and whether a valuation of about 12 times FY28 EV\/EBITDA, a premium to Bharti Airtel, holds. The risks flagged are competition, regulatory uncertainty, execution and heavy capital spending, and a weak market can pull the price down. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n

The Jio Platforms target price of Rs 1,350 from Motilal Oswal was passed within minutes of the listing, which raises the question of what comes next for the Reliance arm stock. This article explains the Jio Platforms target price set before listing by Motilal Oswal, Nomura and Elara Capital, how the valuation compares with Bharti Airtel, and the triggers and risks that decide where the stock goes from here, using prices as of 11:59 AM IST.<\/p>\n

I could not retrieve a fresh Motilal Oswal note issued today, so the Rs 1,350 figure is the pre-listing target as reported, and I did not find whether the tariff hike expected in the September quarter has been announced. Jio’s closing price and the lock-in terms are also not confirmed. It is educational and not advice.<\/p>\n

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