RIL AGM today: How to trade and what to expect from the Ambanis
Reliance Industries Ltd (RIL), the country’s largest conglomerate, several significant announcements are anticipated that could unlock value in the company’s shares.
Jio's focus on monetisation with recent tariff hike and completion of 5G rollout has been leading the growth engine for the conglomerate.
“Jio’s growth is driven by its expanding 5G user base, increasing data consumption, and tariff hikes. RIL is currently trading at a P/E multiple of around 30, while its telecom sector peer, Bharti Airtel, is trading at a P/E multiple of over 70. This disparity indicates a significant value creation opportunity if a public issue occurs,” said Amar Nandu, Research Analyst, SAMCO Securities.
The investors now also expect the energy and retail segment to get listed soon.
“Reliance Retail Ventures Limited is also showing robust growth, driven by store
expansion and a revenue surge (30% of RIL consolidated revenue in FY2024). An IPO announcement for Reliance Retail could further enhance the company’s valuation,” added Nandu.
In the 47th annual general meeting of RIL, the investors will watch out for timelines, targets, new partnerships and other announcements regarding the conglomerate's diversified business that sprawls across oil and petrochemicals, telecom, retail, new energy and finance.
Nandu believes that there may also be updates regarding the IPO of Jio Platforms Ltd, as the Chairman previously announced in the 2019 AGM that Jio would go public within five years. For FY2024, Jio’s revenue, EBITDA, and PAT
