Positive impactResults
Jio Platforms’ market cap could nearly double in 4-5 years: Deven Choksey
CNBC-TV18 56 min ago·28 Oct 2026, 6:18 am
Analysts Deven Choksey, Dipan Mehta and Piyush Pandey recently said Jio Platforms could see its market capitalisation roughly double over the next four to five years, potentially reaching about ₹20 lakh crore.
The outlook rests on several factors: continued growth in telecom revenues, the prospect of higher tariff rates, expanding opportunities in artificial intelligence, and a narrowing discount on the Reliance Industries holding company that currently undervalues the platform.
Investors will likely keep an eye on subscriber additions, any regulatory moves on tariffs, the pace of Jio’s AI and cloud initiatives, and how Reliance structures its holdings, as these elements could shape whether the projected valuation materialises.
Excerpt from CNBC-TV18
Published On Oct 28, 2026 | 11:43 IST Last Updated On Oct 28, 2026 | 11:48 IST Deven Choksey, MD of DRChoksey Finserv; Dipan Mehta, Director of Elixir Equities and Piyush Pandey, Senior Vice President at Centrum India discuss Jio Platforms’ potential to double its market value to ₹20 lakh crore, telecom earnings…Read the original at CNBC-TV18
Affected stocks
Bullish2 stocksBull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Jio Platforms (JPL).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
- Also mentions RELIANCE.
Why it matters
A meaningful update for Jio Platforms worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
