What brokerages are saying about RIL’s future prospects post its AGM

MUMBAI: Brokerages have a mixed view on Reliance Industries after its annual general meeting in which the company announced its new energy business foray and affordable smartphone launch plan among other announcements. There was no timeline provided for initial public offerings of Reliance Jio and retail business, the brokerages said. Brokerages also said expectation around Saudi Aramco deal were only partially met and highlighted concern over falling petrochemical business margins. ET takes a look at what brokerages are saying about the company’s future prospects: