Mukesh Ambani’s Reliance Industries will announce the results of the July-September quarter on Monday. Due to this, Reliance shares will be in focus on Monday. Earlier, Reliance had also announced bonus shares in the ratio of 11. According to media reports, the record data for the bonus share issue can also be announced on October 14. Let us know the complete details of bonus shares.
Billionaire businessman Mukesh Ambani’s Reliance Industries Limited (RIL) will announce its second quarter results on Monday (October 14). Reliance gave this information in the exchange filing. The board of Reliance Industries will meet on October 14. In this, it will approve the financial results for the July-September 2024 quarter and April-September 2024 half year.
Mukesh Ambani’s RIL is currently the most valuable company in the country. According to BSE data, Reliance’s market cap is Rs 18.55 lakh crore. Its shares closed at Rs 2742.20 on the BSE on Friday (October 11). Promoters held 50.33 percent stake in the company till the end of June 2024. At the same time, FII held 21.75 percent and DII held 17.30 percent stake.
Record date of bonus shares not announced yet
The board of Reliance Industries had approved the proposal to issue bonus shares in the ratio of 1:1 before the annual general meeting on September 5. This means that shareholders will be given one share as bonus for every share held. Reliance has not yet announced the record date for bonus shares. It is believed that this can also be announced on October 14.
Those who hold Reliance shares till the record date, i.e. their names are in the records of the Register of Members of the Company or Depositories as beneficial owners of the shares, will get bonus shares. Mukesh Ambani’s Reliance will give bonus shares after 7 years. Earlier in 2017 also, the company had given bonus shares to shareholders in the ratio of 1:1. Reliance had also given bonus shares in the same ratio in the year 2009.
Status of Reliance Industries shares
Reliance shares have been sluggish for some time now. On Friday, Reliance shares closed at Rs 2,749.00 with a gain of 0.25 per cent. However, Reliance shares have fallen by 6.66 per cent during the last one month. Even if we look at the data of the last 6 months, investors have got a negative return of 6.17 per cent from Reliance. However, Reliance shares have risen by more than 17 per cent in the last one year.
Stock market experts believe that Reliance shares may rise with the bonus share issue and reduction in geopolitical tensions in West Asia. If Reliance’s results remain better in the second quarter, then its effect will also be seen on the company’s shares.