RIL shares fall 2% after 11.9 lakh shares change hands in a block deal
Shares of Mukesh Ambani-owned Reliance Industries (RIL) today fell by 2% to an intraday low of Rs 1,278.70 on the BSE after 11.9 lakh equity shares of the company changed hands in a block deal. The official parties of the transaction as well as the price at which the securities were traded are not currently…
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RIL bonus share issue, deep-tech makeover fails to move target prices higher
Notwithstanding retail investor’s enthusiasm over bonus issue announcement, the annual general meeting (AGM) of Reliance Industries (RIL) lacked any near-term catalysts for brokerages to raise their target prices higher. The listing of RIL’s consumer facing businesses – Reliance Jio and Reliance Retail – can lead to re-rating of India’s most valued stock but billionaire Mukesh…
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