Reliance Industries AGM Eyed: Buy RIL Stock Before Independence Day 2025? To Pay 1st Dividend After 1:1 Bonus

Reliance Industries (RIL) share price has traded volatily as the days near its 48th annual general meeting (AGM). But before that, the Mukesh Ambani-backed behemoth is going to turn ex-dividend right before the Independence Day 2025 celebration. This upcoming dividend is for FY25, but also the first payout after RIL delivered a mega 1:1 bonus issue last year in Diwali.

Reliance Industries Dividend Record Date:

A day before the Independence Day celebration, the Reliance Industries stock price will turn ex-dividend on August 14. This is also the record date for the purpose of determining the members eligible to receive dividends for the financial year 2024-25.

In its filing, Reliance said that the dividend, if declared at the AGM, will be paid within a week from the conclusion of the AGM, as per the filing.

This will become Reliance Industries' first dividend after its big 1:1 bonus issue. So far, Reliance has delivered up to 3 bonuses. All three bonus issue ratios are 1:1 each, and their ex-dates are in November 2009, September 2017, and October 2024.

Should you buy Reliance stock before Independence Day?

The consensus in Reliance stock is BUY, with a target price ranging from Rs 1,5o0 to Rs 1,770 levels. The highest target is set by Nuvama to Rs 1,767 apiece, while Jefferies and Axis Capital also have their target set above the Rs 1,700 mark.

Reliance Stock Top Brokerages Call:

Brokerages	Recommendation	Target Price (Rs Per Share)
Macquarie	Outperform	1500
Morgan Stanley	Overweight	1617
JP Morgan	Overweight	1695
Nuvama	BUY	1767
Axis Capital	BUY	1764
Jefferies	BUY	1726
Nomura	BUY	1600
Prabhudas Lilladher	Accumulate	1550

As per Trendlyne data, the consensus recommendation from 34 analysts for Reliance Industries Ltd. is BUY. Out of which, 19 analysts have suggested STRONG BUY and 12 analysts have recommended BUY. The average target price is at Rs 1636.24 in the consensus, which signals nearly 18% potential upside ahead.

Earlier, analysts at Prabhudas Lilladher in their note said, "The company mentions that the cell manufacturing is expected to be commissioned in 1-2 quarters while the whole new energy ecosystem would take 4-6 quarters to commercialize. In absence of any quantitative details, we introduce valuation of Rs111/share for this segment valuing it at 2x the earlier announced capex of Rs750bn. While the stock may face near-term pressure, we upgrade the stock from HOLD to ACCUMULATE due to possible upturn in new energy segment, with target price of Rs1,555 from earlier target of Rs1,497."

Reliance Industries Share Price:

After market hours of August 6th, the largest stock of India in terms of market value, stood at Rs 1392.95 apiece on BSE, with a market cap of Rs 18,85,005.78 crore. Reliance is hovering around the Rs 1,400 mark.

Reliance's 52-week high and low are at Rs 1,551 apiece and Rs 1,115.55 apiece, respectively. While its return on equity is at 8.69%. Reliance is a blue chip stock.

Reliance Industries AGM Date:

As per the regulatory filing, Reliance Industries has fixed Friday, August 29, 2025, as the date to hold its 48th annual general meeting (AGM). The timing is 2:00 PM onward.

Earlier, CLSA in its report said, "Reliance's AGM will be an important event in the upcoming quarter."

According to the global brokerage, in the upcoming AGM, announcements and details regarding JioStar and its quick commerce offering, along with its FMCG expansion plans could be fresh tailwinds for the stock.

Also, CLSA is expecting to hear about the detailed timelines on the commissioning of its other new energy projects: electrolyzer and battery manufacturing facilities. Any hints on the potential Jio IPO could act as another crucial trigger for the stock.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.