Reliance Industries Limited, India’s most valuable company, will hold its 47th Annual General Meeting (Reliance AGM 2024) on August 29, 2024. In this crucial meeting, the company may unveil its future plans, including the public listing of Jio, expansion of Reliance Retail, and new energy projects. Major brokerage firms have hinted that significant announcements at this AGM could lead to a substantial rise in the company’s shares.
Highlights:
- Reliance AGM 2024 may bring major announcements on August 29.
- Jio Public Listing might be discussed.
- Reliance Retail Expansion could see new updates.
- Focus on New Energy Projects is anticipated.
- Leading brokerage firms predict a potential market surge.
Important information:
| Key Highlights | Expected Announcements | Impact on Market | Relevant Firm Opinions | Timeline | Expected Growth |
|---|---|---|---|---|---|
| AGM Date | 29th August 2024 | High volatility | Jefferies, JM Financial | Immediate | Positive |
| Jio Public Listing | Expected Decision | Strong Positive | Jefferies | Q4 2024 | 112 Billion USD |
| Retail Expansion | Major Announcements on Expansion Plans | Growth Expected | JM Financial | Late 2024 | Significant Growth |
| New Energy Projects | Focus on Renewable Energy Development | Long-Term Growth | ICICI Securities, Bernstein | 2025 onwards | High Potential |
| Solar Panel Initiatives | Starting of New Module & Cell Manufacturing Plans | Renewable Energy Focus | ICICI Securities | FY 2025 | Largest Developer Target |
| Share Target Price | Upliftment in Target Price | Share Market Boost | Bernstein | Immediate | From ₹3190 to ₹3440 |
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Reliance AGM 2024: Major Announcements Expected, Could Boost Stock Market
Reliance Industries Limited (RIL) will hold its 47th Annual General Meeting (AGM) on August 29, 2024. The entire industry is eagerly watching this meeting. Investors are hopeful that Reliance will make several significant announcements that could bring major changes to its various sectors, such as telecom, retail, and new energy projects.
Key Announcements Anticipated
Update on Succession Plan
An important update on Reliance’s succession plan is expected, which will strengthen the company’s leadership in the future. Experts believe that significant announcements regarding changes in the company’s internal structure could be made.
Possibility of Jio Public Listing
Reports suggest that the public listing of Reliance Jio Infocomm might be announced during the AGM. This move will help strengthen Reliance’s global presence. According to Jefferies, the public listing could help the company raise around 112 billion USD.
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Major Changes in Reliance Retail
Reliance Retail, which already operates a vast network in India, is now planning further expansion. Brokerage firms indicate that new announcements regarding this expansion could be made during the AGM.
Focus on New Energy Projects
Reliance’s new energy projects will be a key focus in this AGM. According to ICICI Securities, the company will begin its new energy module and cell manufacturing plans in 2025.
Key Brokerage Firm Opinions
JM Financial’s Analysis
JM Financial believes that the company might update its plans regarding the listing of its retail and digital businesses during this AGM. Additionally, discussions about the sale of stakes in the O2C (Oil to Chemicals) business are also anticipated.
Jefferies’ Opinion
Jefferies has suggested that Reliance might consider the public listing of its telecom business, especially Jio. The company expects to raise 112 billion USD from this move, which will play a crucial role in its growth.
ICICI Securities’ Assessment
ICICI Securities states that Reliance will focus on its new energy projects in the coming years. The company already has the necessary BIS certifications for solar panel manufacturing and is making significant investments in the renewable energy sector.
FAQs:
When will Reliance AGM 2024 take place?
Reliance AGM 2024 will be held on August 29.
Will Jio go public?
There is a possibility that Jio’s public listing could be announced during AGM 2024.
What announcements will be made regarding Reliance’s new energy projects?
The AGM will highlight the progress and upcoming plans for Reliance’s new energy projects.
What key topics will be discussed at the AGM?
The AGM will discuss the succession plan, Reliance Retail, Jio’s public listing, and new energy projects.
What impact will Reliance AGM 2024 have on the stock market?
Depending on the announcements made, the stock market could see a significant rise, particularly in Reliance shares.
Final Takeaway:
The upcoming Reliance AGM could prove to be a significant event, as it will clarify the company’s future direction and expansion plans in various key sectors. Experts believe that following these announcements, the company’s shares are likely to see a surge.
