New Delhi, Dec. 2 -- Several leading brokerages have projected a strong outlook for Reliance Jio, citing robust subscriber additions, rising market share, and continued dominance in both mobile and broadband segments.

Almost all major brokerages, including Jefferies, ICICI Securities, Axis Capital and JM Financial, have presented a positive outlook for Jio and are upbeat on the company.

Jefferies reported that India's active mobile subscribers in October 2025 registered a sharp rise, with the industry adding 5.7 million users, the strongest growth in five months.

It mentioned that Jio led this surge with 3.9 million additions and outperformed Bharti Airtel for the eighth consecutive month in active subscriber gains.

Jefferies noted th...