Reliance AGM 2023 - Succession Plan In Place: Systematix

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.In order to put the succession plan in place, the second generation of the Ambani family has been inducted on the board of directors while Mukesh Ambani will remain chairman and Managing Director for Reliance Industries Ltd. for the next five years while Ms. Nita Ambani has stepped down from the board. There are no major announcements during the annual general meeting and expect RIL to see an earning compound annual growth rate of 6.4% during FY23-FY25E. The stock is trading at a price-to-earnings ratio of 21.8 times and enterprise value/Ebitda of 10.6 times on FY25E. Recently we had downgraded the stock to 'Hold' and maintained that with a target price of Rs 2,550. Listing retail and digital services businesses may lead to upside risk to our valuations..Click on the attachment to read the full report:.Reliance AGM 2023 - Continued Emphasis On New Age Technologies: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Reliance AGM 2023 - Succession Plan In Place: Systematix

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