Reliance Industries’ share price increased by 0.30% today, trading at Rs 3,005.30, in anticipation of its 47th Annual General Meeting (AGM), scheduled for 2:00 PM.
Meanwhile, its peers in the energy sector exhibited mixed performance, with Oil & Natural Gas Corporation, Oil India, and Hindustan Petroleum Corporation experiencing declines, while Petronet LNG saw gains.
Reliance Industries’ share price currently stands at Rs 3,005, trading between key support and resistance levels of Rs 2,982.05 and Rs 3,011.0 on a daily timeframe. A breach below the support level of Rs 2,982.05 could signal further bearish movement, while crossing the resistance level of Rs 3,011.0 might trigger a bullish trend.
RIL Share performance in Last One Year
Reliance Industries shares have demonstrated positive returns across multiple time frames. Over the past three months, the stock has given a commendable 4.25% return, showcasing its stability and growth potential. The last six months have seen even more impressive results, with a substantial increase of 2.85%, indicating a strong upward trend.
Year-to-date, RIL shares have surged by 16.01%, reinforcing the stock’s positive momentum in the current fiscal year Come from Sports betting site VPbet . Looking at the broader picture, the stock has delivered an impressive return of over 24.21% in the last twelve months, emphasizing its sustained growth and attractiveness to investors.
RIL gets CCI approval for JV with Disney
The Competition Commission of India (CCI) has approved the merger of the media assets of Reliance Industries and Walt Disney Co, paving the way for the creation of India’s largest media empire valued at over Rs 70,000 crore.
However, the CCI did not disclose any voluntary modifications made to the original deal by the two companies.
What Is Expected from AGM?
During RIL’s 47th AGM, the company is expected to address the potential demerger of Reliance Jio and Reliance Retail from the parent company. Investors are eagerly anticipating concrete announcements regarding the IPOs of these entities, which are anticipated to be central topics of discussion.
Additionally, the meeting may cover updates on new energy projects, strategies for monetizing 5G, and succession planning. These topics are expected to provide further insights into the company’s future direction and growth plans.
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