2 weeks Ago By Arjit Saxena
In September, Mukesh Ambani’s Reliance Industries Ltd (RIL) declared a 1:1 bonus share issue, with the record date set for October 28, 2024. Shareholders holding RIL shares in their demat accounts before this date will qualify for the bonus shares. “We wish to inform you that the Company has fixed Monday, October 28, 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company,” the company had informed in a previous filing to the exchanges.
Reliance Industries Q2 Results Reliance Industries reported a 5% dip in consolidated net profit for Q2, recording Rs 16,563 crore compared to ₹17,394 crore in the same period last year. Despite this, revenue from operations saw a slight year-on-year increase of 0.2%, reaching ₹2.
35 lakh crore in the September quarter of 2024. On Friday, the shares of Reliance Industries closed at Rs 2,656.30.
The 52 week high and low of the share is Rs 3,217.60 and Rs 2,220.30 respectively.
According to the BSE analytics, the shares have given negative returns of 11.11 per cent in the last 1 month. Reliance Industries Share Price Target According to ShareKhan report, "Reliance Industries Limited’s (RIL) gross revenue remained stable, with improved Oil to Chemicals (O2C) revenue, driven by higher volumes and increased domestic product placements, while Digital Services revenue rose due to revised telecom tariffs and the expansion of homes and digital services, although the Oil and Gas segment experienced a 6% decline in revenue due to lower gas price realisations.
" The report added, "RIL is our toppick. We expect continued strong earnings traction contributed by Jio (recent telecom tariff hikes, 5G rollout, and ramp-up of home broadband) and retail (high growth in retail, led by market share gains and new commerce). We firmly believe it is a compelling long-term investment bet, given strong prospects across business and potential value unlocking from the retail, digital services, and financial services portfolio would add to the shareholders’ return over the coming years.
Hence, we maintain our BUY rating on RIL with an upgraded SoTP-based PT of Rs. 3,654," (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.
) Get Latest News Live on Times Now along with Breaking News and Top Headlines from Companies, Business Economy and around the world..
