Reliance heads into 49th AGM with Jio IPO, retail roadmap in spotlight
RIL shares trade at Rs 1,327.75, down 18% from January's Rs 1,611.20 high, as investors await AGM cues on Jio listing, Reliance Retail strategy, and AI/new energy bets. Morgan Stanley stays overweight with Rs 1,803 target; market cap holds at Rs 17.96 lakh crore.
RIL shares in focus ahead of 49th AGM with anticipated Jio IPO announcements. Stock down 2% YoY, 18% off January high. Morgan Stanley overweight at Rs 1,803 target. AGM expected to cover AI and new energy initiatives.