Why investors are not thrilled about RIL’s big AGM announcements
As such, the AGM announcements failed to provide meaningful triggers for the stock, even as they make for growth engines in the longer run. Also, given the massive capex plans, there is worry on the impact on free cash flows
Announcements made by Reliance Industries Ltd. (RIL) on its growth plans at the company’s 45th annual general meeting (AGM) held on Monday has drawn lukewarm response from investors, with shares rising about 0.5% over two days.
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