The Reliance Industries Annual General Meeting (AGM) is a significant event not only for the company but also for its stakeholders. Scheduled for today at 2 PM, Chairman Mukesh Ambani will address around 3.5 million shareholders. This AGM is expected to bring several important announcements, particularly regarding the possible IPO dates for the retail and Jio sectors. Notably, since the last AGM, the company’s shares have seen a remarkable increase of 22%. However, the performance of Reliance’s shares on the day of the AGM has been relatively poor over the past decade.
AGM Day Performance: A Decade of Trends
A closer look at the trends from the last ten years reveals a concerning pattern. From 2020 to 2023, there has been a continuous decline in Reliance’s share prices on AGM days. In fact, over the past decade, the shares have declined on seven occasions during the AGM, which raises eyebrows among investors.
Historical Performance Analysis
Let’s dive into the performance of Reliance’s shares during the AGM from 2014 to 2023:
| Year | Date | Performance | Closing Price (₹) |
|---|---|---|---|
| 2014 | June 18 | -2.12% | 528.37 |
| 2015 | June 12 | +1.36% | 440.38 |
| 2016 | September 1 | -2.73% | 509.72 |
| 2017 | July 21 | +3.76% | 785.62 |
| 2018 | July 5 | -2.53% | 955.90 |
| 2019 | August 12 | +9.72% | 1,262.60 |
| 2020 | July 15 | -3.71% | 1,845.60 |
| 2021 | June 24 | -2.35% | 2,153.35 |
| 2022 | August 29 | -0.84% | 2,596.80 |
| 2023 | August 28 | -1.11% | 2,442.55 |
Reliance: The $2 Trillion Company
Today, Reliance Industries stands as the only company in India with a market capitalization of ₹20 trillion. Over the last year, its shares have surged by 22%, leading to an impressive increase in market capitalization by ₹3.5 trillion. Analysts suggest that Reliance’s stock could reach ₹3,300 based on current market trends. This AGM will be particularly interesting to observe whether the trend of declining share prices on AGM day continues or if a reversal occurs.
Conclusion
The AGM is not only an opportunity for announcements and disclosures from the management but also reveals significant insights into the company’s performance and shareholder sentiments. Investors and market watchers are keenly awaiting the developments from today’s meeting to gauge the future trajectory of Reliance Industries’ stock performance.
