Analysts expect Aramco deal update, ground-breaking products in RIL AGM

In their base case scenario, Jefferies maintains a price target of Rs 2,540 on RIL stock - an upside of around 15 per cent from the current levels

The upcoming annual general meeting of Reliance Industries (RIL), scheduled to be held on June 24, will be a keenly watched event, according to analysts, where the company is touted to spell out its plans for the oil-to-chemical (O2C) telecom, digital and retailing verticals.

“Over the last year, new investors have joined RIL’s digital and retail business at subsidiary level and RIL has formed new partnerships with global players like Google, Facebook, Microsoft, QUALCOMM etc. Investors now expect RIL to give direction to these businesses and announce ground breaking products. There is also expectation of some update on Saudi Aramco