Reliance Industries, India’s largest private company, has announced the date for its Annual General Meeting (AGM). This year, the 47th AGM will be held on Thursday, August 29, 2024, at 2 PM, and will be broadcast via video conferencing.
Historical Performance After AGMs:
- 2014: On the AGM day, Reliance’s shares declined, but within just 26 days, they gave a return of 15%.
- 2015: In 2015, the shares provided a 22% return within 30 days after the AGM.
- 2016: Despite a drop on the AGM day, the shares gave a 10% return in 18 days.
- 2017: In 2017, the shares offered a 10% return within 13 days after the AGM.
- 2018: The shares increased by 42% within 42 days after the AGM.
- 2019: Investors saw a 36% return within 54 days after the AGM.
- 2020: Even though the shares closed lower on the AGM day, they bounced back with a 22% return within 13 days.
- 2021: The shares provided a 13% return within 53 days after the AGM.
- 2022: The shares gave a 6% return within 65 days after the AGM.
- 2023: Despite a drop on the AGM day, the shares gave a 15% return within 97 days.
What This Means for 2024:
Looking at the past data, when Reliance shares have closed lower on the day of the AGM, they have usually shown strong growth soon after. Since the shares declined on the 2023 AGM day, signs point to a potential increase in the shares on the upcoming AGM on August 29, 2024.