Experts said that if any such announcement comes, then Reliance Industries shares can give sharp upside moves and recommended investors to buy Reliance shares ahead of the AGM.
Speaking on the Reliance share price target Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Reliance management has a habit of keeping big announcement for its AGM.
Highlighting the impact of Saudi Aramco person’s appointment Ravi Singhal, Vice Chairman at GCL Securities said, “Once the appointment is announced, an investment to the tune of ₹1.25 lakh crore to ₹1.50 lakh crore would come to Reliance Industries Limited or RIL, which is currently a debt-free company.
On impact of this announcement on Reliance Industries share price Ravi Singhal of GCL Securities said, “If the announcement is made, one can expect RIL share price to go up to ₹3000 mark in next 6-9 month time horizon.