Reliance Considering IPO for Retail and Jio, Exploring Business Split

Reliance Retail present Market Cap is ₹16.5 Lac crores.

Reliance Industries total Market Cap is ₹16.5 Lac Crores.

Retail is one of the 3 core business of Reliance Industries with Jio and Oil business which is doing exceptionally well.

Reliance is in talks of IPO of Retail and Jio and splitting ther 3 core businesses. We would recommend to book profits in Reliance Retail as once business splits, valuation would come down to ensure that other businesses also get proper value.