Asian business giant and Reliance Industries Chairman Mukesh Ambani is going to give a big gift to 37 shareholders before Diwali. Mukesh Ambani has announced the record date of bonus shares. The company has fixed October 28 as the record date for the bonus shares. That means investors will get a gift before Diwali. In the information given in the regulatory filing, the company said that the approval of the shareholders of the company has been received for the issue of bonus shares.
The company gave information in the stock exchange
In a regulatory filing with the stock exchange, Reliance Industries said it has received approval from shareholders to issue bonus shares in the ratio of 1:1. The company said the record date for determining the shareholders entitled to receive the bonus shares has been fixed as Monday, October 28, 2024. Company Chairman Mukesh Ambani announced the bonus shares at the annual general meeting of Reliance Industries on 29 August 2024. On September 5, 2025, the company's board approved the issuance of bonus shares.
What is the status of shares?
Talking about the stock position of Reliance Company, HDFC Securities has set a target price of Rs 3,350 on RIL with its Add rating. While Nomura has given a target of Rs 3,450 to RIL. It has also been given a buy rating. CLS has maintained its outperform rating with a target of Rs 3,300. UBS maintains buy rating on RIL with a target of Rs 3,250.
How were the results?
Recently the company announced its quarterly results. Due to this, the integrated net profit of the company has declined by about five percent. The company's profit has declined mainly due to poor performance of oil refinery and petrochemical business.
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