Reliance Industries shares in focus ahead of AGM: From crude tariffs to Jio IPO - 3 key things to watch out

Reliance Industries share price are set to remain in the spotlight today as investors gear up for the company’s 48th Annual General Meeting (AGM) on Friday, August 29. With Chairman Mukesh Ambani addressing over 44 lakh shareholders, the key focus will be on what the country’s most valuable company has to say at a time when global trade tensions and fresh U.S. tariffs have unsettled sentiment. Here are the three key things the market will be tracking – Tariff impact on crude sourcing The timing of the AGM coincides with U.S. President Donald Trump’s decision to slap an additional 25% tariff on India for buying Russian crude, effectively doubling duties to 50%. Since Reliance is among India’s biggest buyers of Russian oil, investors will be looking for how the company plans to manage sourcing costs. Any clarity here could directly sway Reliance Industries stock movement. The Jio IPO question One of the long-awaited triggers for Reliance’s valuation is the initial public offering (IPO) of Jio. Investors have been waiting for updates for months, and the AGM is often the platform for big announcements. With Jio at the centre of Reliance’s consumer business, any signal on IPO plans could be a big driver for the stock. Betting big on AI Beyond oil and telecom, the Street will also watch Reliance’s vision for artificial intelligence. The company has been expanding across energy, media, and connectivity, and analysts expect Ambani to outline how AI could tie these businesses together, from smarter retail supply chains to new digital offerings. Reliance Industries share performance So far in 2025, Reliance Industries share price have gained nearly 14%. However, in the last five trading sessions, the stock has declined by about 3%. On a six-month basis, it is up 15%, while on a one-year basis, it is down nearly 7%. The company currently commands a market capitalisation of Rs 18.74 lakh crore. Reliance shares have a 52-week high of Rs 1,551 and a 52-week low of Rs 1,114.85.