5G phone, JioBook, Aramco news & what else to watch out for at RIL AGM

NEW DELHI: A roadmap for 5G rollout, likely announcements on affordable 5G phone and low-cost laptop JioBook, arrangements with Saudi Aramco in O2C business and updates on the retail business would be on top of investor radar at the 44th Annual General Meeting (AGM) of Reliance Industries on Thursday.

The AGM would take place in the backdrop of an 11 per cent rise in the shares of Reliance Industries in the last one month against Sensex’s 4 per cent rise, reflecting building Street expectations.

“Over the past 10 years, in the week and month post the AGMs, the stock has outperformed Nifty 6/10 and 7/10 times, potentially implying that the speech managed to give more confidence,” HSBC said in a note.