Reliance AGM 2024 Live Updates: Oil-to-telecom conglomerate Reliance Industries Ltd is set to conduct its 47th annual general meeting today. Reliance AGM 2024 date is set on August 29, 2024, and will begin at 2:00 PM today. Reliance Industries Chairman Mukesh Ambani will address 3.5 million shareholders and is expected to announce a timeline for listing Reliance Retail IPO and Reliance Jio IPO. Any updates on the potential public listings of Reliance’s digital and retail units and the progress of new energy projects will also be in focus during Mukesh Ambani’s speech at Reliance AGM 2024. Stay tuned to our Reliance AGM 2024 live blog for the latest updates.
Reliance AGM 2024 Live: Expect no big bang action in Reliance share price due to AGM: Prashant Tapse
Reliance AGM 2024 Live: Markets always eye big hopes from Mukesh Ambani as we have seen historically known for making big announcements at Reliance AGM. High focus on a clear blueprint value unlocking from the Jio IPO along with Retail IPO demerger and followed by a concrete roadmap on the progress of new energy projects will also be in focus during the AGM. On the oil and chemical segment markets are also expecting updates on stake sale prospects, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
If we see Reliance share price performance pre and post AGM in the last 3 years, based on high hopes pre AGM moves are always positive like the way we are witnessing it from the last 15 days while post AGM historically we have seen negative trends due to fall in hopes. Overall, we expect no big bang price action announcement from the AGM due today.
Technically, Reliance stock is trading on a neutral make or break level, any close above ₹3,060 we can see price rising towards ₹3,100 and any close below ₹2,990 we can see breakdown towards ₹2,930 levels. We are on wait and watch strategy, Mehta added.
Reliance AGM 2024 Live: Reliance shares trades above ₹3,000 ahead of AGM
Reliance AGM 2024 Live: Reliance share price was trading flat with a positive bias on Thursday ahead of the AGM today. Reliance shares were up 0.33% at ₹3,005.70 apiece on the BSE. RIL stock price has gained over 16% year-to-date (YTD) and more than 24% in the past one year.
Reliance AGM 2024 Live: Ambani has history of making big announcements at Reliance AGM: Avinash Gorakshkar
Reliance AGM 2024 Live: RIL Chairman Mukesh Ambani has a history of making big announcements at Reliance AGM. So, the market expects some concrete blueprint from Reliance AGM on the timeline for listing Reliance Jio IPO and Reliance Retail IPO. So, the market is expecting much more than the mere announcement of the demerger of Reliance Jio and Reliance Retail business from RIL, said Avinash Gorakshkar, Head of Research at Profitmart Securities.
Reliance AGM 2024 Live: Mukesh Ambani’s speech at Reliance AGM awaited
Reliance AGM 2024 Live: Reliance Industries Chairman Mukesh Ambani will address 3.5 million shareholders at the Reliance AGM today. Ambani is expected to announce a timeline for listing Reliance Retail IPO and Reliance Jio IPO. Market participants will also keep an eye on any cues from Amban’s speech at AGM on potential public listings of Reliance’s digital unit and updates on the progress of new energy projects.
Reliance AGM 2024 Live: Reliance Industries AGM scheduled for today
Reliance AGM 2024 Live: Oil-to-telecom conglomerate Reliance Industries Ltd is set to conduct its 47th annual general meeting today. Reliance AGM 2024 date is set on August 29, 2024, and will begin at 2:00 PM today.