Brokerages noted that Jio aims to maintain its leadership in digital connectivity through accelerating the migration of 2G users to 4G/5G networks, expanding its home broadband business and monetising its proprietary technology platforms.
"Since its launch in 2016, [Jio Platforms] has reshaped India’s telecom landscape over the past decade through disruptive pricing and differentiated offering," said PhilipCapital.
The firm's financial performance has also added to the positive sentiment. From FY16 to FY26, Jio Platform’s revenue grew to Rs 1,46,885 crore and EBITDA to Rs 73,400 crore, translating into a healthy ~50% EBITDA margin.
Beyond mobile connectivity, Jio is scaling home broadband, enterprise technology and AI-led services. The firm is also pushing for the bundling of OTT entertainment, cloud storage, gaming and AI-based services into its telecom plans.
Jio has developed an end-to-end proprietary 5G standalone stack and filed 7,220 patent applications across 4G, 5G, 6G, AI and digital technologies. "Jio’s in-house technology capabilities provide an important competitive advantage by supporting innovation, operational efficiency and greater control over its digital infrastructure," said SMC Global Securities.