Reliance AGM 2023 today: Top five announcements to watch out for

livemint.com:

Reliance Industries Ltd (RIL), Mukesh Ambani-led RIL is set to hold its 46th Annual General Meeting (AGM) at 2:00 PM onwards. In this Reliance AGM 2023, investors and market observers are expecting a slew of announcements, which includes Reliance Jio IPO, Reliance Retail IPO, roll out of Jio 5G, etc. Expecting more updates in regard to value unlocking after successful listing of Jio Financial Services shares, Saurabh Jain, Vice President — Research at SMC Global Securities said, "In previous AGM, Mukesh Ambani had declared come with some news in regard to Reliance Jio IPO.

After demerger of Jio Financial Services Ltd, market is expecting some more announcements in regard to value unlocking. Hence, there is strong buzz on Dalal Street in regard to Reliance Jio IPO. apart from this, market is also expecting some update on Reliance Retail IPO in upcoming Reliance AGM 2023 on Monday." SMC Global Securities expert went on to add that some important announcements in regard to Jio Financial Services Ltd after its listing is also expected.

So, one can expect a highly volatile stock market on Monday ahead of the beginning of 46th AGM of Reliance at 2:00 PM on Monday. He said that Mukesh Ambani had announced in previous Reliance AGM to launch 5G rollout by end of 2023. so, market is expecting that some announcement in this regard (especially price) when Reliance AGM 2023 begins at 2:00 PM today.

"RIL has announced to invest $10 billion in new energy in next three years and become a net carbon zero by 2035. So, market is expecting some announcement in regard to green energy business as well," said Saurabh Jain of SMC Securities. On other expectations that one can expect from this Reliance AGM 2023, Omkar Kamtekar, Research Analyst