Mukesh Ambani’s company is likely to announce a 1:1 bonus share on September 05, 2024 after 7 years; Will you benefit?
The stock gave multibagger returns of 121 per cent in 5 years and over 570 per cent in 1 decade.
The company informed that pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), a meeting of the Board of Directors of the company is scheduled to be held on Thursday, September 05, 2024 to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves. If the board approves, shareholders will receive 1 free share as a bonus for every 1 share held by shareholders as of Record Date.
The buzzing stock name Reliance Industries Ltd.
After the bonus news, the shares of Reliance Industries Ltd gained 2.64 per cent to an intraday high of Rs 3,074.80 per share from its previous closing of Rs 2,995.75. The stock’s 52-week high is Rs 3,217.90 and its 52-week low of Rs 2,221.05. At the closing bell, shares of the company were trading at Rs 3,040.85 per share, up 1.51 per cent with a spurt in volume by more than
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Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. The company is a constituent of the BSE Sensex Index, which is a stock market index that tracks the performance of 30 of the largest and most liquid stocks listed on BSE with a market capitalization of over Rs 20 lakh crore.
The company reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24) and has consistently shown impressive figures, demonstrating its profitable performance for over a decade. The stock gave multibagger returns of 121 per cent in 5 years and over 570 per cent in 1 decade. The company is owned by Mukesh Ambani. Investors should keep an eye on this large-cap stock.
Will you benefit from Reliance Industries Ltd.'s stock? Do let us know in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.
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