Reliance Industries goes into its AGM on 15 July 2020. In fact, if you look at the performance since the last AGM, RIL has generated 50% positive returns compared to -2.6% for the Nifty. This will surely raise expectations. Analysts will look at the AGM for greater clarity from Mukesh Ambani on key issues, as well as a grand outlook for the future.

The shareholders of Reliance and the analysts will be keen to know the time table for RIL becoming zero net-debt. With partnerships like Facebook and Qualcomm, how RIL proposes to leverage these tech partnerships and what about Google? There have been expectations that Reliance may announce a bonus issue after the 120% rally since March this year.