look news india
The board of Reliance Industries Limited is going to take a decision on the company's sixth bonus share issue today. Which is the first time since 2017. The Mukesh Ambani-led company has decided to declare bonus shares in the ratio of 1:1. Because, this stock has given good returns in the last few years and it is trading above the level of three thousand rupees.
Reliance Industries shares have gained 17 per cent year-on-year in 2024. While the BSE Sensex has gained 14 per cent during this period. RIL shares hit a 52-week high of Rs 3,217.90 on July 8. Analysts are neutral and positive on the shares after the recent rally.
Earlier this was the share price of RIL
RIL's last bonus issue came in 2017 and since then the stock has gained 318 per cent to close at Rs 3,029.80 per share on Wednesday, up from Rs 725.65 in September 2017, the day it ended the 1:1 issue. Reliance Industries had announced this type of bonus share ratio for its 2009 issue. In the year-1983 bonus shares are offered in the ratio of 6:10 and in 1980 in the ratio of 3:5.
Reliance shares can go up to Rs 200
According to a report, Reliance Industries was described as the theme of India. Where retail and telecom will drive growth. Reliance Jio has raised its target for RIL to Rs 3440 due to high valuation after tariff hike. Morgan Stanley sees shares at Rs 3416.