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The date of Reliance AGM 2023 has been fixed on 28 August 2023 i.e. next week Monday. Both Indian stock market experts and investors are eagerly awaiting the 46th AGM (Annual General Meeting) of Reliance Industries Limited (RIL). According to market experts, after the demerger of Jio Financial Services Limited (JFSL) from RIL, the market is expecting some concrete announcement regarding Future Retail IPO and Reliance Jio IPO. He added that some heuristics are also expected from the company to launch 5G devices at reasonable prices and in this regard. Apart from this, the AGM 2023 is also expected to have some information regarding Jio Financial Services Limited’s fundamentals.
5 Expectations from Reliance AGM 2023: Market Expects These Five Key Announcements From Reliance AGM 2023…
- Future retail IPOs
- Reliance Jio IPO
- About Jio Financial Services
- Affordable 5G devices launched
- Succession plans in the near term
Reliance shares to buy now or not
On whether to buy Reliance shares ahead of the AGM, Pravesh Gaur, senior technical analyst at Swastik Investmart said, “It has retested its previous breakout level around ₹2420. The counter is still attractive for long-term investors.” , because it is trading. Above its important moving averages (100 and 200 DMA). On the upside, ₹2550 is the immediate resistance; Above that, we can expect a move towards ₹2630. On the downside, ₹2420 is a strong demand zone during any correction. ”
Disclaimer: The views and recommendations given above are those of individual analysts or broking firms and not of India. We advise investors to check with certified experts before making any investment decision.