Eshaan Lazarus, founder and chief executive of digital broking platform 021 Trade, expects RIL to continue trading at a discount, given its significant dependence on Jio’s performance. For investors, the bigger question is how much they are effectively paying for RIL’s retail, refining and other businesses after factoring in the value of its Jio stake and the group’s ₹1.17 trillion debt, he said.
