Reliance 46th Annual AGM – Street Expectations

Value Unlocking: The promoters of one of the largest companies in India had revealed their ambition to double the m-cap in 5 years. The most awaited announcement is going to be the different value unlocking strategies such selling stakes, new listings (telco, retail), and leveraging the realty portfolio in Jhajjhar, Haryana.

 

Jio Financial: The company's listed Jio Financial is facing challenges with back-to-back Lower Circuit trading. Investors seek clarity on the plans, roadmap, and official launch date.

 

New Energy Business: According to their Annual Report, the promoters are ready to commit to double energy capex from 75,000 Cr. Stakeholders will be keen to know about any developments on project commission dates, and earning potential, along with the allocation of increased capex. 

 

Updates on clean energy initiatives, including the setup of Giga factories in solar and battery businesses.

 

Telecom: Insights into 5G rollout, Jio Air Fiber, Jio Bharat Phone, partnerships with Netflix on prepaid bundles, and the expectation of a higher-end 5G smartphone launch. The street believes that this new phone could be in the range of Rs. 10,000 to Rs. 15,000. 

 

This signals the company’s foray from affordable phones to mid-priced phones, new data plans could be announced.

 

Retail: Any Updates on business partnerships, QIA investment details, and IPO timeline indications.

 

The central goal to double the market capitalization is discussed across all sources, with different strategies and areas of focus highlighted.

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