Moneycontrol PRO
Upcoming Webinar:Prashant Shah explains ‘Irrelevance of Bull & Bear Markets for Success in Technical Analysis’. Register For Free!

RIL shares end lower after the company's 44th AGM

In the last ten years, shares of RIL saw mixed trends on the day of the company's AGM, reacting to the company's announcements, falling on six occasions, while rising on the rest of AGM days.

June 24, 2021 / 04:13 PM IST

Shares of Reliance Industries (RIL) ended 2.35 percent lower at Rs 2,153.35 on BSE on June 24 on the day of the company's 44th annual general meeting (AGM).

The company's Chairman Mukesh Ambani on the 44th AGM said that the company's performance continued to be outstanding even during a challenging time of pandemic.

"I am happy to report that even in a challenging environment, your company's performance continued to be outstanding. Our consolidated revenue was nearly Rs 5.4 lakh crore, with a sharp increase from our consumer businesses. Our consolidated EBITDA was nearly Rs 98,000 crore, and almost 50 percent of the EBITDA was contributed by consumer businesses," he said.

The company's Chairman announced the launch of a new energy business while he also highlighted the growth plans of Jio and Reliance Retail.

He also announced the plan for the launch of a new smartphone.

Close

"'I am pleased to announce that Google and JIO teams have jointly developed a truly breakthrough smartphone, that we are calling JIOPHONE Next," he said.

"It is a fully-featured smartphone, supporting the entire suite of applications from both Google and Jio, as well as the Android Play Store through which users will have access to the entire universe of Android Apps. It is powered by an extremely optimised version of the Android Operating System, that has been jointly developed by JIO and Google, especially for the Indian market."

Track Reliance AGM 2021 updates here

In the last ten years, shares of RIL saw mixed trends on the day of the company's AGM, reacting to the company's announcements, falling on six occasions, while rising on the rest of AGM days.

Also read: Here is how the stock performed on the company's AGM day in last 10 years

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Moneycontrol News
first published: Jun 24, 2021 03:14 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark