Jio Platforms shares opened 21% above the IPO price, reflecting a sharp first‑day rally that left investors eager for upside.
Zarin Daruwala, CEO of PL Capital Group, said the end of Reliance’s 5G capital‑expenditure cycle should unlock significant free cash flow and that Jio’s in‑house technology could be licensed overseas.
Sanjay Parekh, Founder and CIO of Sohum Asset Managers, highlighted the dramatic fall in data rates from ₹228 to ₹7.5 per GB and the jump in per‑subscriber consumption from 0.2 GB to 43 GB as proof of Jio’s transformative impact on India’s digital ecosystem.
Naina Lal Kidwai, Chairperson of Rothschild & Co India, warned that while AI opportunities are still emerging, Jio’s platform could become a core pillar in India’s AI expansion.
Dr Choksey of DRChoksey Finserv projected that Jio Platforms’ market cap could rise from ₹10 lakh crore at IPO to ₹20 lakh crore within four to five years, driven by earnings growth.
With the 5G capex cycle concluding, analysts expect accelerated earnings and a potential double‑digit EPS growth in FY27, positioning Jio for sustained capital appreciation.