00:00Mukesh Ambani, Chairman of Reliance Industries, is going to give a big gift to 37 lakh shareholders
00:10before Diwali.
00:11We will know what is going to happen, how this gift can be beneficial for Reliance's
00:17shareholders in the coming video.
00:20Mukesh Ambani has announced the record date of bonus share.
00:25That is, investors will get the gift before Diwali.
00:32In the information given in the regulatory filing, the company has said that the company
00:36has received approval from the shareholders to give bonus share.
00:39Reliance Industries told Stock Exchange's Regulatory Filing that the shareholder has
00:44received approval to give bonus share in a 1 is to 1 ratio and the company said that
00:50the shareholder has received approval to give bonus share in a 1 is to 1 ratio and
00:57the company has said that the shareholder has received approval to give bonus share.
01:00On 29 August, Mukesh Ambani announced to give bonus share in Reliance Industries' AGM,
01:04i.e., Annual General Meeting.
01:05On 5 September, the company's board had put a stamp on giving bonus share.
01:08Now let's know how the share is going on.
01:11Talking about the state of Reliance's share, HDFC Securities has applied for RIL.
01:16Talking about the state of Reliance's share, HDFC Securities has applied for RIL with
01:21an ad rating of Rs 3,350.
01:24On the other hand, Nomura has given a target of Rs 3,450 to RIL and has also given it a
01:30buy rating.
01:31CLSA has made its outperformed rating on the stock with a target of Rs 3,300.
01:37In addition, UBS has maintained a buy rating with a target of Rs 3,250 on RIL.
01:45Recently, the company announced the results of its Q2 and in the results, the company's
01:51consolidated net profit was recorded at approximately 5% YOY.
01:56Mainly, due to the weak performance of the oil refinery and petrochemical business, the
02:01company's profit was reduced.
02:03Although the company's profit has decreased in Q2, if we look at the state of the share,
02:08then the next day we got to see a slight decline in the share, but even after that, the brokerage
02:14firm is looking a little bullish and has increased the target price and has also maintained a
02:19buy rating.
02:20In addition, on October 28, before Diwali, the shareholders will also get a gift and
02:25on that day the bonus share will also be decided.
02:28So how did you like this information in the video, do tell by commenting.
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