Reliance Industries 44th AGM: The stock of the country’s largest company Reliance Industries has given a return of 117 percent in three years, 26 percent in 1 year and 10 percent in one year.
Mukesh Ambani, Chairman, Reliance Industries
Before the 44th AGM (AGM-Annual General Meeting) of Reliance Industries, pressure is being seen on the stock. The company’s stock has fallen more than 1 percent on NSE. 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 spectators across 42 countries and 468 cities)
Experts say that investors have high expectations from 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 is expected to clear the situation 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.
There may be a big announcement for the shareholders
According to media reports, there can be a big announcement for Reliance shareholders today. There may be a declaration of dividend for the shareholders. It is being told that the dividend will be transferred to the investors’ account within 1 week.
What will be the effect on the stock after RIL AGM
It has been told in the HSBC report that in the last 10 years after AGM, the stock of Reliance gives more returns than Nifty. But it will all depend on the announcements
Stock buying advice of brokerage houses around the world
In the report released by the world’s largest brokerage house CLSA, it has been told that the expansion plans will have an impact on the stock. That is why the brokerage house has set a target of Rs 2237 with an overweight rating on the stock.
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.
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.
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