Reliance 49th AGM in focus: Jio IPO, AI, new energy roadmap awaited as stock trades 18% off peak
RIL holds its 49th AGM today with the Street watching for clarity on the long-anticipated Jio IPO, AI strategy and new energy buildout. Shares at Rs 1,327.75 sit 18% below the January record of Rs 1,611.20; mcap stands at Rs 17.96 lakh crore. Morgan Stanley remains overweight with a Rs 1,803 target; 2025 return tracks at 29%.
Reliance Industries holds its 49th AGM today with markets watching for announcements on the Jio IPO, AI initiatives and new energy business. Stock down 18% from January peak; Morgan Stanley overweight with Rs 1,803 target.