Jio Ipo A Portfolio Pick? Experts On India’s Biggest Share Sale, Telecom Impact
Ajit Mishra, SVP, Research at Religare Broking, and Sharad Avasthi, Head of Research, PCG at SMIFS, tell Moneycontrol what they make of Jio Platforms’ IPO, India’s largest-ever share sale. Ajit says there is a lot of excitement around the issue, and Religare Broking has a subscribe rating on it. The two experts also discuss what the mega listing means for the telecom sector, as Jio eyes a $1.4 trillion economy and plans to become debt-free with the IPO proceeds. They look at Jio’s scale, from its 5G customer base, its share of India’s data traffic and its low data prices to its plan to reach 100 million home broadband customers. Sharad says the stock should be part of an investor’s long-term portfolio.
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