Canara Bank Securities has recommended subscribing to Jio Platforms’ IPO for long-term investment. It expects the company to benefit from subscribers upgrading from 2G to 4G and 5G, rising home broadband demand and opportunities to monetise its technology in overseas markets. The brokerage also identified Jio’s proprietary 5G network, broadband solutions and JioBrain AI platform as potential sources of future revenue.
\n\nZerodha and True Beacon co-founder Nikhil Kamath expects Jio Platforms’ initial public offering (IPO) to open well, citing strong investor demand that far exceeds supply. In an interview with CNBC-TV18, Kamath said the issue was emerging as a bright spot in a tough market. “If that is any kind of indication of how the IPO is going to turn out, I think the demand far outweighs the supply as it stands. So things are looking good. I think the IPO will open well,” he said.
\n\nBids have started to be placed for the second day of the Jio Platforms IPO after the record breaking first day.
\n\nStay tuned for all the LIVE updates.
\n\nMotilal Oswal Wealth Management has recommended subscribing to the Jio IPO for both listing gains and long-term investment, pointing to its leadership in India’s telecom market…
Original source: https://www.cnbctv18.com/technology/
