Will Mukesh Ambani’s company affect Trump’s tariff? Share will be in focus on August 28 before AGM
Reliance Industries Shares: Reliance Industries Limited (RIL) shares are living in focus before the company’s 48th Annual General Meeting (AGM) on Thursday, August 28, August 28. AGM is scheduled to be held on Friday, August 29, 2025, in which the company’s chairman Mukesh Ambani can address about 44 lakh shareholders.
America’s extra tariff has been implemented from today on the import of Indian goods for the purchase of crude oil from Russia. This increased tariff may be seen to have a direct impact on RIL shares as Reliance Industries is one of the biggest buyers of Russian crude oil in India. In such a situation, the company will keep a close watch on how the source will deal with the sourcing challenges of crude oil.
This is the specialty of Reliance shares
Despite all the geopolitical challenges, the price of Reliance’s stock has increased by about 14 percent in 2025. Which is much higher than the 4.5 percent lead of the Nifty 50. Apart from this, Reliance Industries is still the most valuable company in the country, which will keep it attractive to investors. JP Morgan has given Reliance a ‘overweight’ rating for September 2026 and has kept the target price of Rs 1,695 per share for the share. Earlier, on Tuesday, Reliance shares on BSE closed down 1.95 percent at a price of 1,385.30.
Alok Industries also shares in focus
Since Trump’s tariff is expected to have a bad effect on the textile industry, the shares of Mukesh Ambani’s company Alok Industries are also going to be in focus these days. For the past few days, it has already seen a decline. On Tuesday too, the price of its share fell to Rs 17.61 on Tuesday. Alok Industries is a textile manufacturing company, which was bought by Reliance Industries and JM Financial under NCLT process.
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The fear of Trump’s tariff, the company was going to bring an IPO of Rs 2800 crore; Now the plan can be changed