Mr. Deepak Jasani's views on Reliance Industries AGM

Mr. Deepak Jasani, Head Retail Research, HDFC Securities

The AGM was once again a platform for showcasing the progress made by the company in its various businesses. The way the stock markets seesawed post 2 pm (when the AGM began) showed the importance of Reliance stock for the Indian markets. The stock price had moved up around 16.5% in this month anticipating announcements at the AGM. Most of the announcements were in line with the expectations built till yesterday and the stock price has reacted on the principle of buy on expectation and sell on announcements.

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.1845.6 as compared to the previous close of Rs. 1916.65. The total number of shares traded during the day was 2839024 in over 103272 trades.

The stock hit an intraday high of Rs. 1978.5 and intraday low of 1798.15. The net turnover during the day was Rs. 5457872836.

Source : Equity Bulls

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