Reliance Industries' 37th annual general meeting might have sounded quite extravagant on the face, but, according to SP Tulsian of sptulsian.com, everything spoken by chairman Mukesh Ambani was in public domain; nothing new. "Crystallized plans have not been unveiled, nor have they elaborated on the company's capex plan," he told CNBC-TV18.
The Reliance shares shot up to Rs 956 per share at the beginning of the speech, which lost some ground by the end of the AGM. Deven Choksey is more optimistic post the AGM. He finds the company's continuous search for new ventures to improve their business standing a major plus point.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!
