One reason why RIL shares weakened after the AGM was due to disappointment among shareholders regarding the $15 billion Saudi Aramco deal. While Mukesh Ambani said the deal will be closed this year, some shareholders are unhappy that the deal has not been sealed yet.
Is Reliance Industries a good buy?
Good time to buy? Reliance Industries share price today hit a new high of ₹2,525 apiece on the NSE. The oil-to-retail-to-telecom conglomerate’s scrip has given fresh breakout today above ₹2500 and it may go up to ₹3,000 per stock levels in medium-term time horizon, as per stock market experts.
ICICI Direct has hold call on Reliance Industries with a target price of Rs 2760. The current market price of Reliance Industries Ltd. is Rs 2658.
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PGCIL seeks shareholder nod to capitalise Rs 1,743 cr reserves to issue bonus shares. The special resolution to capitalise reserves of Rs 1743,86,32,160 for issuing bonus shares in the ratio of 1:3 is listed on the agenda of the EGM scheduled on July 20, 2021, a filing said.
Is Jio listed in NSE?
Reliance Jio Infocomm Ltd. is not listed on NSE (View BSE)
According to stock market experts, RIL share price may continue to scale new peaks in upcoming trade sessions as they see further rise in the counter. They said that Reliance Industries share price may go up to ₹3000 levels in next 12 month.
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|Stock||Returns*||Market Capitalisation (in Cr.)|
|HDFC BANK Ltd.||33.08%||8,08,937|
|GODREJ CONS Ltd.||10.56%||80,101|
Is Jio part of Reliance Industries?
Jio Platforms Limited, essentially a technology company, is a majority-owned subsidiary of RIL. It is the result of a corporate restructuring announced in October 2019, resulting in all the digital initiatives and the telecommunication assets being housed under this new subsidiary.
What is wrong with Reliance Power?
Reliance Power defaults on payment of principal and interest of Rs 300 cr; shares falls 2% The company defaulted on payment of Rs 300.22 crore, including interest amount of Rs 2.22 crore on July 31, 2020, it said in a BSE filing.