RIL shares rise marginally ahead of 45th AGM

At 11.05 am, the scrip was trading 0.12 per cent higher at Rs 2,621.25 over Friday’s closing of Rs 2,618.00 a piece. The stock has gained 15.45 per cent in the past one year and is up 9.03 per cent so far in 2022.

Dipan Mehta, Director at Elixir Equities, said there is always excitement around

AGM, and one should expect some announcements, even as there may not be the fireworks we saw in earlier AGMs.

“Some amount of update on roadmaps, succession planning and unlocking of the value in the subsidiaries… from a minority shareholder point of view, all I can say is that the breaking up of Reliance Industries would be very positive for minority shareholders where we can get shares of Reliance Jio as well as Retail,” Mehta said.

But if an IPO is done where shareholders hardly get a small allocation, eventually RIL will become a holding company and the discounts will start to creep in, he noted. Reports of IPOs of RIL’s retail and telecom business have been making rounds and it was speculated that Ambani could provide a clear roadmap over the disintegration of the conglomerate to unlock value.

“Let us see how that is going to get actually done at this point. Maybe, the announcement will not take place at this AGM. But this is something investors are looking forward to as to how the actual unlocking is going to take place. We saw in finally after many years wants to split the company into pharma, NBFC, and shareholders may get stock of both companies. If something similar plays out in RIL that could be really a very positive trigger for the stock price to move upward,” Mehta said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)