After spending nearly three years moving sideways, Reliance Industries may finally be approaching a turning point. According to Rahul Shah from MOFSL, a combination of stronger earnings visibility, the upcoming Jio Platforms IPO, and continued investments in artificial intelligence and energy businesses could help the stock deliver meaningful returns over the next year.
Speaking to ET Now, Shah said Reliance's annual general meeting (AGM) offered several important takeaways that strengthened the long-term investment case for the company.