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via economictimes.indiatimes.comMarkets

Jio Platforms gets 3 Buy calls on Day 1 from Nomura, Motilal Oswal and Elara

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Jio Platforms debuted at a 21.36% premium to its IPO price on Wednesday, while Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings. Brokerages cited telecom leadership, tariff hikes, rising ARPU, digital services and improving cash flow as key growth…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishBuy ratings from brokers support the stock after its market debut.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Jio debuted at a 21.36% premium to its IPO price.
  2. 02Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings.
  3. 03Brokers cited telecom leadership, tariff hikes, rising ARPU and improving cash flow.

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