Jio and Retail: The future game changers for Reliance, says Deven Choksey

"Reliance's EBITDA was temporarily impacted by refining cracks, but growth in Jio and retail is steady. We anticipate 15-20% ARPU growth and potential demergers, leading to a stable stock price," says Deven Choksey.“In the Jio platform, we are likely to see a higher amount of growth because the full impact of the price hike or tariff hike in the ARPU is expected to happen somewhere in the subsequent quarters of the current financial year,” says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. Edited excerpts: