Reliance’s 44th AGM today, expect many big announcements including 5G service

Today Reliance Industries 44th AGM (Annual General Meeting) is being held. There can be many big announcements during the AGM. At the AGM, Mukesh Ambani makes big announcements in the Oil to Chemical (O2C) business and consumer-facing retail and telecom business. In this, he can clarify the position on the long-running $15 billion deal with Saudi Aramco to sell a 20 percent stake in Reliance Industries Limited’s oil-to-chemical (O2C) business.

Reliance may launch 5G phone

Reliance can launch its first 5G phone together with Google and Jio Book. Cheap laptop can be announced. Analysts believe that the price of the phone will be crucial to convert feature phone customers into Jio 4G customers. Last year, Ambani had talked about the deployment of 5G in the country.

Retail business important for Reliance

Retail business is very important for Reliance. Ambani can talk about the operation of Jio Mart in this. He will also have an eye on the AJIO fashion and lifestyle platform. Global brokerage and research firm Goldman Sachs has said that the group’s retail business earnings (EBITDA) can grow up to ten times in the next ten years. The brokerage firm has said that during the deteriorating macro situation, Reliance Industries has put its full focus on strengthening its digital capabilities. Reliance will further strengthen the omnichannel it is getting ready to provide for its products including retail in the coming days.

Goldman Sachs: Reliance’s share prices may increase by up to 7 percent, retail business will become the growth engine of the group

Will be able to get a large share

According to global brokerage and research firm Goldman Sachs, retail could be the next growth engine for RIL as it expects retail EBITDA to grow 10x in the next 10 years. RIL’s AGMs have historically been an eagerly-watched event (the first being held in physical format was attended by 3,000 shareholders, and last year the virtual AGM was watched by 300,000 concurrent spectators in 42 countries and 468 cities).