Reliance Industries Slipping shares more than 2% despite the unveiling of the IPO timeline, AI-driven innovation plans

Shares of Reliance Industries Ltd (RIL) fell 2% lower on RS 1.358 on Friday, even when chairman Mukesh Ambani shareholders told the annual General Assembly of the Conglomerate (AGM) that the long -awaited IPO of Reliance Jio, who would come the largest in the history of Dalal Street.

With 44 LAKH shareholders coordinated, Mukesh Ambani said that Reliance Jio can generate value on par with his global colleagues and investors during the annual general meeting that the long-awaited IPO will be a very attractive opportunity for those who want to purchase.

A 4-year-old series of disappointment

Reliance shares slumped after each of the last four AGMs, which emphasizes a pattern of bloated expectations, followed by muted announcements. Last year, shares lost 4.6% in the 10 days after the meeting after the company offered little message of growth regions in the long term for Jio and Retail. Similar decreases after the event are marked 2023, 2022 and 2021. “Investing interest rates builds the AGM every year, because the chairman did in earlier AVA-AVA announcements in earlier AGMs. We also note that the market was disappointed in the last 4 years after AGM, after the AGM of the Negatiek,” said the AGM of the Negatiek, “said the AGM of the Negatiek,” “said the AGM of the Negatiek,” ” America effects.

IPO’s set centrally

The long -term IPOs from Reliance Jio and Reliance Retail remain the biggest trigger for investors. In 2019, Ambani had said that the two arms would mention within five years. That timeline has now expired without update, and shareholders will be looking for clarity. Brokers see enormous potential but warn of structural issues. Nuvama noted: “Although the market awaits an indication of timelines for Reliance Jio and Retail IPOs, we believe that the IPOs of Jio and Retail, if stated separately, attract higher values, but may not have a material impact on RIL shareholders, because it can be compensated by a resource restriction.” New regulations by Sebi Proposals from Sebi. of their equity, against 5%. For Jio, who is appreciated by Citi on more than $ 120 billion, it can reduce the overhang of delivery at the time of mention and reduce the discount risk for dependence on the holding.

Beyond Listings: AI and new energy

It is expected that artificial intelligence will be prominent. Bofa emphasized the development of Reliance of Jiobrain, a platform designed to integrate smart services into its ecosystem. Updates about JioAirfiber, locally developed 5G technology and initiatives for digital income such as Jio Hotstar are also expected.

Energie remains central to the transformation of Reliance. The company has already started the activities on the first Gigawatt scale Solar PV module line and is progressing on integrated giga factories for solar energy, batteries and green hydrogen.

Nuvama expects updates on timelines for operationalizing these companies, specifically financed in the coming years. Efficiency improvements of technologies such as perovskite solar cells and captive green power costs reductions are also closely monitored.

Retail and Consumer Push

Reliance’s retail activities are immediately examined. During last year’s AGM, management guided itself for Jio and Retail to double income and EBITDA by 2030. Investors are now waiting for progress reports, in particular on fast trade and fashion joint venture with Shein. Updates about FMCG extension and the performance of Jio’s consumer services are also expected.

What brokers say

Brokerage -Sentiment for the AVA is largely positive. Jefferies has a ‘buy’ rating with a target price of RS 1,670, stating the growth momentum in Jio, Retail and Energy.

JP Morgan has an ‘overweight’ call with a target of RS 1,695, arguing with valuations remain attractive. In the meantime, UBS, who recently resumed coverage, stated a target of RS 1,550 and expects “to unlock value in less cyclical, faster growing companies of both Retail and Jio.”

Bank of America maintains a ‘buy’ rating with a target of RS 1,660, and notes that modest expectations leave space for the top. Macquarie has added confidence to his Asia selection list with an RS 1,580 target, while Nuvama remains the most bullish with an RS 1,801 price target.

The commitment here AGM

Reliance shares, so far 13.6% so far so far in 2025, but last week with 1.5% a decrease in the midst of market jits from Trump’s rate policy, is again at a bending point. Whether Mukesh Ambani can break the four -year series of Letdowns can still be seen.

While UBS summarized that “after a period of underperformance versus MSCI India, we expect that RIL will perform well for the next 12-18 months, because the profit transformation of the last 5 years path opens to the unlocking of the value.” For now the bar is set low, an arrangement that may give Ambani the chance to surprise.

Read also | RIL AGM Today: Will Reliance Industries break the shares of the shares 4-year statements?

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)