Shares of Reliance Industries (RIL) were weakening the first time in the day after the annual general meeting. On Monday, September 7, the stock continued to decline and fell slightly by 5% and the lowest day reached Rs. Reliance’s shares (Reliance Industries’ shares) have dropped by 5% in the last session.

Investors consider the major announcements made at the 8th annual general meeting of RIL last week on Friday. It seems that investors are not very happy with the announcements made at the annual general meeting. The annual general meeting has no significant impact on the market price.

Jio’s IPO in the first half of Ril AGM: 2

The biggest performance in Reliance’s AGM is that Mukesh Ambani announced that the Geo Platform would be public in the first half of the 5th. Market observers believe that this can be the largest IPO in India so far. This can be a major value-unlocking program for shareholders.

In AGM, Isha Ambani mentioned the ambitious target for Reliance Retail. In the next three years, they have predicted an annual growth of about 5% of the cycle (CGR). It was also announced at the AGM that Reliance Consumer Products Limited (RCPL) will now be a subsidiary of RIL.

Should you buy shares of Reliance Industries?

Although the stock has dropped slightly, analysts are widely optimistic about shares of oil to telecom business. Xio’s IPO announcements, clear roadmap with deadlines, strong retail outlook, the company’s expansion in the clean energy business and the large announcement on artificial intelligence (AI) are enthusiastic on the share of brokerage Reliance.

Reliance Jio’s IPO may be the largest IPO in India’s history, expects 5 % share

Motilal Oswal

Motilal Oswal has maintained a purchase rating with a target of Rs. The current price is about 5 percent. Motilal Oswal expects that the Jio RIL will have a motivating power for the growth of RIL. Brokerage has predicted that the CAGR is estimated to be 90% of the annual compound (CAGR) in the financial year 1-3.

Brokerage has stated that this growth is expected to get support for the increase in fees, wireless market stock rise and continuous growth in Geo’s homes and enterprise business. The O2C front is expected to improve the revenue due to strong refining margin after slowing in the financial year 1. Motilal Oswal estimates that there will be an annual increase of 5% in the Ebita and PAT in the financial year 1-3. Brokerage believes that RIL has already crossed the peak of capital expenditure. He said healthy free cash flows can reach 90 trillion in the financial year 1-3.

Nuvama institutional equipment

Brokerage Nuvama Institutional Equipment has maintained a purchase rating on Reliance Stock with a target of 19,9, which indicates the possibility of a 90 percent increase. Nuvama is expected to grow stronger from RIL’s retail and digital sections. Brokerage believes that by launching Geo IPO, expanding petrochemical capacity can increase the value of the shares.

Nuvama estimates that New Energy will increase from 90 crores to Rs. 90 crore in the financial year 1 in the financial year 1, which indicates a strong compound annual growth rate of 5%. This will increase the contribution of New Energy to 5% in the AT PAT by 5% by the financial year.

On the one hand, Mukesh Ambani’s AGM, on the other side, however, Reliance drowned Rs 71000 crore

What is the status of the shares

In the last 6 months, the price of Reliance’s shares has increased by about 5 percent, while the price of the shares has increased by about 5 percent. Looking at a one -year return, the share of Mukesh Ambani’s company has dropped by about 5 percent. On Monday, September 7 at 2 pm, the shares of Reliance Industries were dealing with Rs 5 in red.