RIL 46th AGM: Brokerages insipid but keep positive ratings on stock intact

Reliance 46th AGM: The stock would see a significant upside only on listing timelines of the retail and telecom businesses, first announced four years ago in 2019, analysts said

Reliance Industries (RIL) 46th annual general meeting (AGM) did not prompt much action from brokerages, with most of them keeping their ratings and target prices intact on the stock, due to the absence of any concrete near-term plans. 

Analysts maintained ratings from 'hold' to 'buy' given the robust outlook of all RIL businesses and the company’s promise of significant value creation in the next 10 years.  

Also read: Reliance AGM 2023: Isha, Akash and Anant Ambani to join RIL board
 

The new telecom offerings, more possible stake dilution in retail, which is seeing heavy interest from marquee