Reliance Industries Limited is a diversified company with from Petrochem, textiles, telecom and retail.
Rights issue of equity shares declared 1 for 15 shares held on 14 May 20
Issue Opens - 20 May
Issue Closes - 3 June
As per the market bulls they have a target of Rs.2,500 by year end for this scrip.
Re-rating is based on increased tech / investors fancy for the Jio platform which will be game changers.
The price may take a dip once the right shares are listed around June time frame
there is no negative news in the short term it can be range bound 1400–1550 for next few months.
Raghav
Equty Research Analyst
www.twitter.com/smartinvestor
Telegam https://t.me/smartinvestr
Rights issue of equity shares declared 1 for 15 shares held on 14 May 20
Issue Opens - 20 May
Issue Closes - 3 June
As per the market bulls they have a target of Rs.2,500 by year end for this scrip.
Re-rating is based on increased tech / investors fancy for the Jio platform which will be game changers.
The price may take a dip once the right shares are listed around June time frame
there is no negative news in the short term it can be range bound 1400–1550 for next few months.
Raghav
Equty Research Analyst
www.twitter.com/smartinvestor
Telegam https://t.me/smartinvestr