RIL AGM 2021: JioPhone 3, laptop, 5G, dividend, Saudi Aramco deal update; what to expect from Mukesh Ambani

Mukesh Ambani-led Reliance Industries Ltd (RIL) is set to hold its 44th Annual General Meeting (AGM) later in the day. The oil-to-telecom conglomerate said it will send its annual report FY21, notice of the AGM and the standalone and consolidated audited financial statements for FY21, along with the Board’s report, auditors’ report and other documents in electronic mode to the members of the company. RIL is likely to announce plans for the oil-to-chemical (O2C) telecom, digital and retail verticals.

In the last five years, shares of RIL share price saw mixed trends on the company’s AGM day, falling on three occasions, while rising on the rest of the AGM days. Last year, in 2020, RIL share price on AGM day fell 3.8 per cent; while in 2019, stock markets were closed on RIL’s AGM day due to Bakri-id, but the stock soared 9.72 per cent on the next day. In the last seven days RIL stock price has gained 0.4 per cent. The stock had hit a record high of Rs 2,369.35 apiece in September last year, and has been range-bound since then. It is 7.4 per cent away from its all-time high levels.