RIL AGM 2021: JioPhone 3, laptop, 5G, dividend, Saudi Aramco deal update; what to expect from Mukesh Ambani

In 2020’s AGM, RIL didn’t launch any new variant of the JioPhone, it’s probably that Mukesh Ambani might announce the JioPhone 3 at 2021 AGM

Mukesh Ambani-led Reliance Industries Ltd (RIL) is ready to carry its forty fourth Annual Basic Assembly (AGM) later within the day. The oil-to-telecom conglomerate mentioned it’s going to ship its annual report FY21, discover of the AGM and the standalone and consolidated audited monetary statements for FY21, together with the Board’s report, auditors’ report and different paperwork in digital mode to the members of the corporate. RIL is prone to announce plans for the oil-to-chemical (O2C) telecom, digital and retail verticals.

Within the final 5 years, shares of RIL share value noticed combined traits on the corporate’s AGM day, falling on three events, whereas rising on the remainder of the AGM days. Final yr, in 2020, RIL share value on AGM day fell 3.8 per cent; whereas in 2019, inventory markets had been closed on RIL’s AGM day as a result of Bakri-id, however the inventory soared 9.72 per cent on the following day. Within the final seven days RIL inventory value has gained 0.4 per cent. The inventory had hit a document excessive of Rs 2,369.35 apiece in September final yr, and has been range-bound since then. It’s 7.4 per cent away from its all-time excessive ranges.

RIL Dividend, bonus announcement

Reliance Industries mounted June 14 because the document date for eligibility to obtain dividend for FY21. “It’s lengthy anticipated from the previous few AGMs and since Reliance likes to maintain the market value of shares round Rs 1,000 so we would get to see a 1:1 bonus announcement,” Gaurav Garg, Head of Analysis at CapitalVia International Analysis, advised Monetary Categorical On-line.

Jio Ebook

RIL’s digital arm Reliance Jio is reportedly planning to launch a Jio laptop computer. Garg added that the anticipated Jio Ebook is one other attraction which could lure investor’s attraction as low-cost laptops. Brokerage agency HSBC International Analysis in a report mentioned that RIL might introduce a brand new reasonably priced laptop computer to faucet into the huge demand for earn a living from home machines.

Jio Cellphone

In 2020’s AGM, RIL didn’t launch any new variant of the JioPhone, it’s probably that Mukesh Ambani might announce the JioPhone 3 at 2021 AGM. The corporate in its annual report mentioned that the JioPhone has upgraded over 10 crore customers since its launch in 2017. “Over the past yr, new traders have joined RIL’s digital and retail enterprise at subsidiary stage and RIL has shaped new partnerships with international gamers like Google, Fb, Microsoft, Qualcomm and so on. Traders now anticipate RIL to present course to those companies and announce groundbreaking merchandise,” PTI quoted HSBC International Analysis report as saying. It added that RIL will probably announce a brand new smartphone partnered with Google and its pricing.

Inexperienced future

Mukesh Ambani’s Reliance Industries had earlier set a goal of changing into carbon impartial by 2035. Asia’s richest man, earlier this week on the Qatar Financial Discussion board, mentioned that there is no such thing as a different choice than adopting a sustainable enterprise mannequin. Mukesh Ambani may additional elaborate on how he plans to rework his oil-to-chemical enterprise right into a sustainable one.

5G plans

At its earlier AGM, Reliance Industries mentioned they’d indigenously developed know-how for 5G in an effort to push the Make-in-India theme. Now trials are being carried out by Jio in numerous cities together with Mumbai. In the meantime, Bharti Airtel can also be treading on the identical path. Reliance may observe up with one other announcement on 5G at its AGM immediately. “We anticipate an replace on Jio-Google telephone options (like 5G), probably pricing and timeline,” BofA Securities mentioned in a report. It added that readability on JioMart/different on-line commerce companies together with the JioMart-WhatsApp integration can also be anticipated.

Saudi Aramco deal replace

The delayed Saudi Aramco deal may additionally make its approach to Reliance Industries’ AGM immediately. Earlier stories have steered that Saudi Aramco chairman and Governor of the Kingdom’s wealth fund Public Funding Fund, Yasir Al-Rumayyan, could also be inducted on the board of RIL forward of the deal. Mukesh Ambani had in August 2019 introduced talks for the sale of a 20% stake within the O2C enterprise. Deal was delayed amid the pandemic however talks have now resumed.