Reliance Industries shares rallied nearly 4 percent in morning trade to hit fresh 9-year high of Rs 1,587.7 ahead of its much awaited 40th Annual General Meeting that is scheduled to begin at 11 am.
While maintaining positive stance on the stock and expecting it to rise up to 17 percent, majority of brokerage houses expect the key focus in the Reliance's AGM will be Jio followed by petrochemical and refining businesses.
Goldman Sachs
According to the research house, key focus points for the AGM would be segment wise capex expenditure in Q1FY18 and guidance for FY18.
Update on the timelines of new projects on core refining and petchem segment will also key to watch out for.
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