Sagar Salvi
moneycontrol.com
The Reliance Industries' Annual General Meeting (AGM) has always been a big event for the company's shareholders, prospective investors and traders.
However, chairman Mukesh Ambani's plans to invest Rs 150,000 crore over the next 3 years failed to cheer the Reliance Industries stock as it ended the session on Thursday a percent down.
Reliance, India's fourth biggest company by market value, has been under pressure from investors over its slowing gas business and its drive into consumer-focused sectors such as telecoms and retail.
Remaining tightlipped, Ambani gave away few details of his plans for the long-anticipated launch of 4G telecommunications services, which was a big disappointment for the street.
Also Read: Why Reliance Industries AGM failed to lift stock
Below is a historical chart of how RIL stock has moved before, on and one-week after AGM in the last five years.
With inputs from Riken Mehta, moneycontrol.com
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.