ICICI Securities Values Jio Platforms at $148 Billion, Raises Airtel Target Price to ₹2,400
Mumbai, October 24 (Udaipur Kiran) – Leading brokerage firm ICICI Securities has upgraded the equity valuation of Jio Platforms Ltd to $148 billion (approximately ₹13 lakh crore), reflecting growing optimism over the company’s financial and operational performance. The report expects Jio’s EBITDA/PAT CAGR to rise between 18% and 21% during FY2025–FY2028, with free cash flow … Read more