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Jio Financial Services shares can rally 36%, says Motilal Oswal after initiating coverage with Buy. Here are 4 pillars of growth

Jio Financial Services shares surged after Motilal Oswal initiated coverage with a 'Buy' rating and a Rs 320 target price, citing a 36% upside potential. The brokerage highlighted the company's ecosystem-led advantage, leveraging Jio's massive subscriber base and retail footprint for low-cost customer acquisition and hyper-personalized credit underwriting.