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<ul><li> The nearly 6% rally in RIL shares accounted for almost all of Nifty’s gains on May 28.</li><li>For the week, RIL has gained over 5.7%, making this the fourth best week for its investors this year. </li><li>The stock has seen gains of over 6% thrice before this ⁠— in January, February and April, 2021.</li><li>Overall, the stock has remained in a narrow ₹300 band since November last year.</li></ul><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s promise of transforming <keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> (RIL) from an energy giant to a technology-driven consumer enterprise had the street eating out of his hands last year. The excitement sobered down along with the lull, post the flurry of investments. However, the shares of RIL are getting hot again as some of the promises move closer to reality. The nearly 6% intraday rally in the shares of India’s biggest conglomerate, which has interests in everything from oil and gas to telecom to retail, is the most significant move in the stock in the last 2 months. The surge in RIL shares has been so strong that it accounts for nearly all the gains on the benchmark index, Nifty, as of 1 pm (May 28). Compared to the last week, it is up by over 2%. In comparison, RIL is up by 5.7%. <div type="image" title="RIL 31_03_21 to 28_05_21." msid="83031994" hostid="261" caption="&amp;lt;p&amp;gt;RIL share price&amp;lt;/p&amp;gt;"></div> However, investors will do well to remember that this is still within the range of ₹1,900 to ₹2,200 that RIL has shuttled between since November last year. A Bank of America Global Securities report dated May 19, 2021 suggests that RIL is in the driver’s seat when it comes to telecom, retail and digital fronts. “Overall, we find RIL well placed in its consumer business: telco, retail &amp; digital to benefit in coming years as it gains traction with improving scale,” the report stated. This is the fourth time the stock of Reliance has seen a weekly gain of over 4% this year. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gains in RIL share price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending January 15, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.08% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending February 5, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.83% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending April 23, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.17% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending May 28, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.71% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending May 14, 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.78% </td></tr></tbody></table>Source: BSE <cmsannotation type="cmsannotation" annotationid="Google to partner with Reliance Jio for low-cost smartphones" comment="subhead" text="Google to partner with Reliance Jio for low-cost smartphones">Google to partner with Reliance Jio for low-cost smartphones</cmsannotation> One of the triggers behind the massive surge in RIL’s share price could be news of the partnership with tech giant Google for a low-cost Jio smartphone. According to a <a href="https://www.financialexpress.com/industry/technology/google-reliance-jio-working-closely-to-launch-affordable-smartphone-in-india-sundar-pichai/2260038/">PTI report</a>, Google Chief Executive Officer (CEO) Sundar Pichai said that they have started working on the low-cost Jio smartphone. In July last year, <a href="https://www.businessinsider.in/business/news/google-picks-up-a-7-7-stake-in-mukesh-ambani-jio-for-33737-crore/articleshow/76977043.cms">Google picked up a 7.7% stake</a> in Jio Platforms for ₹33,737 crore. The two have come together for <a href="https://www.businessinsider.in/business/corporates/news/checkout-mukesh-ambani-reliance-industries-annual-general-meeting-highlights/articleshow/76976243.cms">Jio’s “2G-mukt Bharat”</a> (2G-free India) initiative, wherein Google will help Jio build a low-cost smartphone, presumably based on either Android or Kai operating system <cmsannotation type="cmsannotation" annotationid="Jio Platforms, Infibeam apply for NUE licence" comment="subhead" text="Jio Platforms, Infibeam apply for NUE licence">Jio Platforms, Infibeam apply for NUE licence</cmsannotation> Reliance’s digital services arm Jio Platforms and Infibeam have signed an agreement and applied for a New Umbrella Entity (NUE) licence, according to the latter. If approved, this would allow Jio and Infibeam to roll out a payments platform. This platform would be a for-profit one, and allows the licence holder to charge for transactions. <cmsannotation type="cmsannotation" annotationid="Another possible contributor to RIL rally" comment="subhead" text="Another possible contributor to RIL rally">Another possible contributor to RIL rally</cmsannotation> <div type="image" title="Balaji Telefilms 31_03_21 to 28_05_21." msid="83032017" hostid="261" caption="&amp;lt;p&amp;gt;Balaji Telefilms share price&amp;lt;/p&amp;gt;"></div> Balaji Telefilms, a quarter of which is owned by Ambani’s Reliance, has also gained over 20% since May 19. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/softbank-backed-paytm-pivots-to-a-3-billion-ipo-plan-a-year-into-the-pandemic-it-could-be-the-largest-market-debut-in-india/articleshow/83000446.cms">Softbank-backed Paytm fast tracks IPO plan a year into the pandemic ⁠— a $3 billion fundraising could be the biggest market debut in India</a> <a href="https://www.businessinsider.in/meet-anjali-sud-vimeos-ceo-who-used-to-market-diapers-and-got-rejected-from-every-big-investment-bank/articleshow/68319301.cms">Meet Anjali Sud, the Indian-origin CEO of Vimeo who took the video-streaming platform public</a> <a href="https://www.businessinsider.in/business/news/indias-micro-blogging-app-koo-raises-30-million-by-tiger-global/articleshow/82965589.cms">India's micro-blogging app Koo raises $30 million led by Tiger Global</a>

Despite the nearly 6% rally, this is only the fourth best week for Reliance Industries’ shares this year

<ul><li><keyword id="6355199" type="General" weightage="20" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword>’ shares were trading at ₹2,510 at 9:44 a.m., surpassing the previous high of ₹2,478. </li><li>The Mukesh Ambani-led conglomerate’s market capitalisation touched ₹16.9 lakh crore.</li><li>Separately, ICICI Direct had issued a hold call on Reliance Industries shares with a target price of ₹2,480 last week.</li></ul>Shares of Reliance Industries have been on a growth trajectory for over a year now and hit an all-time high on Monday, September 27, after it crossed the ₹2,500-mark. The Mukesh Ambani-led conglomerate’s market capitalisation touched ₹16.9 lakh crore. The company’s shares were trading at ₹2,510 at 9:44 a.m., surpassing the previous high of<a href="https://www.businessinsider.in/stock-market/news/mukesh-ambani-enters-100-billion-club-as-ril-stock-hits-a-record-high/slidelist/85969961.cms"> ₹2,478 on September 6</a>, 2021. RIL's shares closed at ₹2,524.45 on Monday. The stock rose as much as 25% in the last one year. The scrip has been gaining for the fourth consecutive session. <div type="image" title="Reliance Industries’ shares hit record high, trading at over ₹2500 in early morning trade" msid="86548050" hostid="261"></div>Separately, ICICI Direct <a href="https://bsmedia.business-standard.com/_media/bs/data/market-reports/equity-brokertips/2021-09/16322856470.31434600.pdf">issued</a> a hold call on Reliance Industries shares with a target price of ₹2,480 last week on September 22. The company's shares were then trading at ₹2,425. The analysts at ICICI Direct expected Reliance Industries to achieve the price point in a span of one year. Reliance Jio’s positioning in the digital ecosystem, Reliance Retail's aggressive store network expansion, the potential of oil-to-chemical (O2C) business to be segregated into a separate entity and the company’s upcoming investments in new energy initiatives were likely to trigger these future price performance, as per ICICI Direct. “Long term prospects and dominant standing of RIL in each of its product and service portfolio, provides comfort for long term value creation. RIL’s consumer business will be the growth driver, going ahead. The company has a strong balance sheet post fundraising while its traditional business will continue to generate steady cash flows. We initiate coverage on the stock with a HOLD recommendation,” the report reads. Reliance Industries ended the second quarter of 2021 — April to June — with a consolidated income of ₹1,48,591 crore, representing nearly 6% decline from ₹1,58,133 crore reported in the previous quarter. The company’s net profit also fell to ₹12,273 crore from ₹13,227 crore in the previous quarter. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/zee-entertainment-shares-fall-in-todays-trade-as-invesco-insists-the-board-to-hold-egm-before-sony-deal/articleshow/86546922.cms" data-type="tilCustomLink">Zee Entertainment shares fall 3% in today’s trade as Invesco insists the board to hold EGM before Sony deal</a> <a href="https://www.businessinsider.in/business/startups/news/ofbusiness-was-the-only-woman-led-startup-that-entered-the-unicorn-club-this-year/articleshow/86511076.cms">OfBusiness was the only woman led startup that entered the unicorn club this year</a> <a href="https://www.businessinsider.in/business/auto/news/teslas-full-self-driving-beta-programme-request-button-goes-live/articleshow/86525543.cms">Tesla's 'Full Self Driving' Beta programme request button goes live</a>

Reliance Industries’ shares hit record high, trading at over ₹2500

<ul><li>The shares of <keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> opened 2.14% lower.</li><li><keyword id="10926" type="COMPANY" weightage="20" keywordseo="Reliance">Reliance</keyword> had announced its financial results on April 30 (Friday) after markets closed.</li><li>Reliance’s revenue for the fourth quarter ended March 31, 2021 stood at ₹172,095 crore, while its net profit doubled to ₹14,995 crore.</li></ul><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s Reliance Industries’ earnings seemed to disappoint the markets as its stocks fell by 2.14% at 9.16 am. <div type="image" title="RIL share price May 3" msid="82364522" hostid="261"></div> The fall in stock price comes even when RIL had managed to score profits in the middle of a pandemic. Reliance’s revenue for the fourth quarter ended March 31, 2021 stood at ₹172,095 crore, while its net profit doubled to ₹14,995 crore. But some of the company’ major focus areas seemed to be wearing off their sheen. While the oil to chemical vertical saw a growth of 4.5% in revenue, the profit shrunk by just as much despite a one-time gain of ₹4,420 crore from sale of its petrol pumps. Even the much talked about Reliance Jio reported a profit decline of nearly 4% with net profit of ₹3,508 crore. The company also cited the COVID-19 pandemic and its impact on its business as a factor it continues to consider. “The outbreak of coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Group’s operations and revenue during the period were impacted due to COVID-19,” the company said in a statement on Friday. For Ambani, the growth was led by Reliance Retail. The retail arm, of Reliance Industries, clocked a 50% growth in its profits to ₹3113 crore, while its revenue has grown by 21% to ₹46,099 crore in the months from January through March, compared to the same period, last year. Reliance also announced on Saturday that it produces over 1000 MT of medical grade liquid oxygen per day — or over 11% of India’s total production. This the company claims meets “the needs of nearly every one in ten patients”. “This oxygen is being provided free-of-cost to several state governments across the country to bring immediate relief to over 1 lakh patients on a daily basis,” said the company.

Reliance Industries’ earnings disappoint markets – stocks fall by over 2% in morning trade

<ul><li>A rights issue is an invitation to existing shareholders to buy more shares at a discount to the market price. </li><li>RIL's investors can subscribe to the right to own <a href="https://www.businessinsider.in/business/corporates/news/ril-rights-issue-ratio-pricing-and-value/articleshow/75474592.cms" data-type="tilCustomLink" target="_blank">one new share for every 15</a> held in the company at ₹1,257 per share, 14% below Thursday’s (April 30) closing price. </li><li>Even if you expect that RIL shares will be worth a lot more in the future, if the share falls to ₹1,257, or below, investors can buy the shares from the market instead of subscribing to the rights.</li></ul>The rights issue announced by one of India's most valued company, Reliance Industries (RIL), will have to conclude by the end of June, as declared by the company. The company owned by Asia's richest man, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, plans to mop up ₹53,125 crore from shareholders. RIL's investors can subscribe to the right to own <a href="https://www.businessinsider.in/business/corporates/news/ril-rights-issue-ratio-pricing-and-value/articleshow/75474592.cms" data-type="tilCustomLink" target="_blank">one new share for every 15</a> held in the company at ₹1,257 per share, 14% below Thursday’s (April 30) closing price. A rights issue is an invitation to existing shareholders to buy more shares at a discount to the market price. <div type="Article" hostid="261" msid="75474592" title="Mukesh Ambani offers Reliance Industries shareholders 1 new share for every 15 held⁠— at a price 14% below market value" mstype="2" mssubtype="0"></div> How does it work? Since there will be more entering the market, the value of your existing shares will go down. That can be made up via additional shares via rights to make up for the fall. If you had 120 shares on Thursday (April 30), you will get rights to 8 new shares. Theoretically, if the value of RIL shares don't change, the value of 128 shares will be the same as the old 120 shares. While it is difficult to estimate the exact value of the total shareholding (after subscribing for rights)— since it can be affected by business and market factors — the theoretical price of each share can be calculated in the following manner. <table style="border-width: initial; border-style: none; background-color: rgb(255, 255, 255); font-size: 16px; line-height: 1.6em; box-shadow: none; width: 444pt; font-family: Merriweather; padding-bottom: 10px !important; background-image: inherit !important; background-position: inherit !important; background-size: inherit !important; background-repeat: inherit !important; background-attachment: inherit !important; background-origin: inherit !important; background-clip: inherit !important;"></colgroup><tbody><tr><td class="xl64" style="border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15pt; width: 159pt;">Period</td><td class="xl65" style="border-top: 1px solid rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; width: 98pt;">Shares </td><td class="xl65" style="border-top: 1px solid rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; width: 116pt;">Price</td><td class="xl66" style="border-top: 1px solid rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; width: 71pt;">Value</td></tr><tr><td class="xl67" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15pt;">Before rights issue</td><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">120 (assumed)</td><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">₹1464 (April 30 closing)</td><td class="xl68" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">₹175680</td></tr><tr><td class="xl67" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15pt;">Rights issue</td><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">8 (1 share for every 15)</td><td class="xl63" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">₹1257 (set by company)</td><td class="xl68" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">₹10056</td></tr><tr><td class="xl69" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: 1px solid rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top; height: 15.75pt;">Post rights issue</td><td class="xl70" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">128 (sum)</td><td class="xl70" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">₹1451.06*</td><td class="xl71" style="border-top: none rgb(221, 221, 221); border-right: 1px solid rgb(221, 221, 221); border-bottom: 1px solid rgb(221, 221, 221); border-left: none rgb(221, 221, 221); padding: 5px; font-size: 16px; vertical-align: top;">₹185736 (sum)</td></tr></tbody></table> The above calculation assumes that <keyword id="4347449" type="PERSON" weightage="20" keywordseo="RIL-share-price">RIL share price</keyword> doesn't change, which will never happen. So, in fact, you might gain or lose money. Should I subscribe to the rights issue? Depends on the price. Even if you expect that RIL shares will be worth a lot more in the future, if the share falls to ₹1,257, or below, investors can buy the shares from the market instead of subscribing to the rights. The gap between the market price of each RIL share tomorrow and ₹1,257 will be the gain from the additional shares that you get from the rights issue. If the share price falls on Monday (May 3) and the closer it gets to ₹1,257, it will make lesser sense for investors to subscribe to the rights because the room for gains will shrink. How does it affect the company? RIL is expected to use the money received from subscriptions to the rights issue to repay debt. So, the lesser it makes, lesser the debtit can repay. <div type="image" title="ril share price (1)." msid="75518412" hostid="261" caption="&amp;lt;p&amp;gt;RIL is expected to use the money received from subscriptions to the rights issue to repay debt. So, the lesser it makes, lesser the debt&amp;lt;strong&amp;gt; &amp;lt;/strong&amp;gt;it can repay.&amp;lt;/p&amp;gt;"></div> What if the share price falls and shareholders don't subscribe to the rights issue? "The promoter and promoter group of the company have confirmed they will subscribe to the full extent of their aggregate rights entitlement. In addition, they will also subscribe to all the unsubscribed shares in the Issue,” Reliance Industries said in a statement. This means, Mukesh Ambani and his family, who own roughly 50% of RIL will subscribe to all the shares they can under the proposed rights issue, which means the promoters will have to cough up about ₹26,500 crore. They will also have to fill in for any shortfall in demand for rights from other shareholders. Lesser the subscription, more money the promoters will have to put in. SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-retails-operating-profit-grows-nearly-20-in-the-latest-fourth-quarter/articleshow/75474722.cms">Reliance Retail’s operating profit grows nearly 20% in the latest fourth quarter⁠⁠</a> <a href="https://www.businessinsider.in/stock-market/news/tech-mahindra-shares-are-cheap-despite-the-earnings-disappointment-says-a-research-report/articleshow/75515809.cms" data-type="tilCustomLink" target="_blank">Tech Mahindra shares are cheap despite the earnings disappointment, says a research report</a> <a href="https://www.businessinsider.in/business/news/hul-fourth-quarter-earnings-report-volume-growth-and-share-price-chart/articleshow/75472021.cms">HUL fourth-quarter volume growth down 7%, profit falls 1%, India sales slide 9% ⁠— as COVID-19 strikes India’s largest consumer firm</a>

Here's how Reliance Industries right issue may affect the share price

Reliance Industries’ shares are worth more than HDFC Bank, ICICI Bank, and Kotak Mahindra Bank combined

The week gone by continued to be volatile and all gains built up during the course of the first four days were lost and even more, on Friday. The week ended with BSE SENSEX losing 163.23 points or 0.43 per cent to close at 37877.34 points while NIFTY lost 35.65 points or 0.32 per cent to close at 11,178.40 points. The broader indices saw BSE100 lose 0.03 per cent while BSE200 and BSE500 gained 0.03 per cent and 0.18 per cent respectively. BSEMIDCAP was up 1.51 per cent while BSESMALLCAP was up 1.36 per cent. This kind of difference where the benchmark indices are in the red and the broader indices are in positive, has happened after a very long time. Normally the trend is clear and all indices are either positive or negative, not some positive and some negative. The Indian Rupee gained 3 paisa or 0.04 per cent to close at Rs 74.90 to the US Dollar. Dow jones had a good week and gained 497.54 points or 1.81 per cent to close at 27,931.02 points. The Indian indices gained on two days and lost on three days with Friday being the sharp loser and BSESENSEX losing 467 points and NIFTY 122 points. What is significant is the fact that markets were gaining and in the positive till Friday happened. RBI has agreed to pay to the government Rs 57,128 crores as dividend for 2019-2020. ICICI has successfully completed its QIP for Rs 15,000 crores at a price of Rs 358. Th share had closed at Rs 361.45 on Friday, a weekly gain of Rs 3.60 or 1.01 per cent. The Supreme Court hearing the AGR matter in case of telecom companies has come to the issue of Reliance industries and Reliance Communications. The spectrum was allotted to the erstwhile telecom company which was a part of Reliance Industries and then was split when the family division happened. Post Reliance Communications going belly-up and exiting the telecom business, it entered into a spectrum deal with Jio. The Supreme court is asking for the payment of Rs 31,000 crores towards the spectrum dues. Readers would recall that Reliance Jio had taken over the assets and liabilities of Reliance Communications Limited at almost zero value as it had agreed to take over the liabilities as well. This could affect the share prices when trading begins on Monday. Shares of Reliance industries had closed at Rs 2,114 a loss of Rs 33 or 1.54 per cent for the week when trading ended on Friday. Shares of Yes Bank hit a high of Rs 17.16 before profit taking saw the share fall, and close at Rs 15.07, a weekly gain of Rs 0.93 or 7.39 per cent. The share has now entered a trading zone and would move between 13.5-16 over the next couple of weeks till news flow about the performance of the bank post fund raising are known. IHH, the Malaysian based company which had acquired Fortis Healthcare has proposed in the board meeting to change the name of the company to Parkway from the present name and disassociate itself from the Singh brothers in all manners. This proposed change is of course subject to regulatory approvals and the Supreme Court, where there is a matter of the open offer also pending. As and when this issue is resolved, the company would have renamed itself with a brand which is operating in more than 10 countries and is predominantly a South Asian group of hospital chain. The share has been seeing steady accumulation on expectation of the open offer currently stayed by the Supreme Court being cleared. Shares had closed at Rs 135.80, down Rs 2.15 or 1.56 per cent. Coming to the Covid-19 front, the world saw 216,17,987 patients, 7,69,006 deaths and 143,34,222 people recovering. In India, there were 25,90,501 patients, 50,099 deaths and 18,62,665 people recovering. Compared to the previous week, the world saw 18,06,240 new patients, 39,345 deaths and 16,08,074 people recovering. This effectively meant that 89.02 per cent of the patients added during the week have recovered overall. In India, there were 4,34,058 new patients, 6,611 deaths and 3,80,999 patients recovering. The recovery rate for the week was 87.77 per cent. Decent improvement in the recovery rate and one hopes and prays that work on the vaccine, which is globally on a war footing fructifies. The week ahead would see markets open on a weak note and Reliance is likely to be under pressure on the AGR news. Markets would face resistance at the previous week's high of 38,556 points and 11,366 on NIFTY. Incidentally, while BSESENSEX failed to cross the recent high of 38,617 points, NIFTY did cross 11,341 points. These levels would be difficult to cross currently and would become a resistance for the time being. On the downside, we would find support at 37,000 on BSESENSEX and at 10,900 points on NIFTY if not earlier. The strategy would be to buy on sharp dips or wait for the fall. (Arun Kejriwal is the founder of Kejriwal Research and Investment Services. The views expressed are personal) SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/unscheduled-transit-flights-cannot-land-for-specific-hours-at-delhi-airport-on-aug-15/articleshow/77541736.cms">Unscheduled transit flights cannot land for specific hours at Delhi airport on Aug 15</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/unscheduled-transit-flights-cannot-land-for-specific-hours-at-delhi-airport-on-aug-15/articleshow/77541736.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/wework-gets-funds-from-softbank-while-india-franchise-offers-discounts/articleshow/77540098.cms">WeWork gets a new $1.1 billion cheque from SoftBank while it attempts resurrection – its India franchise is now offering discounts and a global all-access pass</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/wework-gets-funds-from-softbank-while-india-franchise-offers-discounts/articleshow/77540098.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/eicher-motors-registers-first-ever-net-loss-of-55-crores-in-at-least-a-decade/articleshow/77526012.cms">Eicher Motors registers first-ever net loss of ₹55 crores in at least a decade</a>

RIL, Yes Bank, Fortis and all the stocks to watch out for on Monday

New Delhi, Jun 5 () Shares of Reliance Industries, which gained over 2 per cent in early trade on Friday, later closed the day on a flat note due to profit-booking. In early trade, shares of Reliance Industries hit one-year high after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala. On the BSE, the heavyweight stock closed at Rs 1,580.60, up 0.04 per cent after rising 2.38 per cent to Rs 1,617.70 -- its 52-week high -- during the day. It closed at Rs 1,579.20, a marginal decline of 0.03 per cent on the NSE after surging 2.41 per cent to its one-year high of Rs 1,618 during the trade. Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt. "Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement. With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks. Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company. SUM HRS

Reliance Industries shares close flat

Shares of <keyword id="6355199" type="COMPANY" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> on Wednesday rebounded nearly 6 per cent after plunging over 12 per cent in the previous session.The stock was trading 3.49 per cent up at Rs 1,152.05 on the BSE. In early trading hours the stock gained as much as 5.8 per cent to Rs 1,178.40. On the NSE, it was quoting at Rs 1,151.65, up 3.37 per cent. It touched a high of Rs 1,178.45, higher by 5.77 per cent. More than 1.71 crore shares of Reliance Industries were traded on the NSE, while BSE saw an exchange of 57 lakh shares till noon. The spurt in volume was more than 6.70 times during the day on the BSE. After surging 308 points in highly volatile trade, BSE benchmark Sensex was up 196.45 points, or 0.55 per cent, at 35,831.40, and the NSE Nifty rose 33.60 points, or 0.32 per cent, to 10,485.05. Shares of Reliance Industries on Monday slumped as much as 13 per cent amid a price war among oil producers leading to international crude prices crashing by their biggest margin since the 1991 Gulf war. Global oil benchmark Brent crude futures were trading 0.24 per cent higher at USD 37.31 per barrel at 1230 hours. Domestic financial markets were closed on Tuesday for Holi.

Reliance share price rebounds by 6% as crude prices rise

<ul><li>As of 11.30 am, Reliance Industries’ share price stood at ₹2,289. </li><li>The spike in Reliance shares comes after Abu Dhabi’s royal family’s fund – Abu Dhabi Investment Authority – said it was investing $750 million in <keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword>.</li><li>After raising over $20 billion for Jio Platforms, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> is currently on an investment spree for his retail venture.</li></ul>Reliance is on a roll again as its share price rose by almost 4% on Wednesday morning. As of 11.30 am, Reliance Industries’ share price stood at ₹2,289. After raising over $20 billion for Jio Platforms, Mukesh Ambani is currently on an investment spree for his retail venture. Reliance’s share price has jumped by over 159% since March 23. <div type="image" title="RIL share price mar-oct" msid="78528829" hostid="261"></div> The spike in Reliance shares comes after Abu Dhabi’s royal family’s fund – Abu Dhabi Investment Authority – said it was investing <a href="https://www.businessinsider.in/business/news/reliance-retail-secures-750-million-from-adia-mukesh-ambani-has-now-raised-over-5-billion-for-retail-alone/articleshow/78517289.cms">$750 million</a> in Reliance Retail. This is the eight investment that Reliance Retail has raised in the last four weeks. Ambani has now raised a total of ₹37,710 crore or $5.1 billion for his retail venture from marquee investors Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG, and ADIA. So far, Mukesh Ambani has sold 8.47% stake in Reliance Retail – which is India’s largest retail chain with over 12,000 stores across 6,700 cities. This market rally has also helped Ambani become the 6th richest person in the world, with a total wealth of $84.8 billion, according to the <a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index.</a> SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-retail-secures-750-million-from-adia-mukesh-ambani-has-now-raised-over-5-billion-for-retail-alone/articleshow/78517289.cms">Reliance Retail secures $750 million from ADIA – Mukesh Ambani has now raised over $5 billion for retail alone</a>

Reliance share price soars as Mukesh Ambani continues with his fundraising blitzkrieg for retail venture

<ul><li>The 30-share BSE index Sensex was up 401 points, and the NSE Nifty was trading 0.92% higher at 9:55 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices opened higher on Tuesday, tracking gains in banking and energy stocks, and amidst positive cues from Asian peers on renewed hopes for a new US stimulus package. The 30-share BSE index Sensex was up 401 points, and the NSE Nifty was trading 0.92% higher at 9:55 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Britannia </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nestle India </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Steel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HUL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Life </td></tr></tbody></table>*as of October 21, 09:50 am These are the top stocks in news today. Reliance Industries gains over a percent The shares of Mukesh Ambani-led Reliance Industries gained over a percent during the early trading hours on Wednesday. This after the telecom arm of the company, Reliance Jio, and the US-based Qualcomm joined hands to fast-track the deployment of 5G mobile internet in India. Prabhat Dairy jumps 12% The shares of Prabhat Dairy jumped over 12% on Wednesday. The rally came despite the markets regulator SEBI directing Prabhat Dairy to cooperate with the forensic auditor and deposit over ₹1,292 crore in a nationalised bank within seven days until the conclusion of the audit. Hindustan Zinc trades 4% higher The shares of integrated mining and resources producer of zinc, Hindustan Zinc gained nearly 4% after its board approved the highest interim dividend in 12 years of ₹21.3 per share. Vedanta rallies 4% The shares of Vedanta rallied over 4% after it received ₹5,843 crore as a dividend amount from Hindustan Zinc. Vedanta held 64.92%, stake in the company as of September 30. L&amp;T Construction gains over a percent The shares of construction major L&amp;T were trading 1% higher after it bagged construction projects worth in the range of ₹2,500-5,000 crore from “prestigious clients.” Shriram Transport Finance gains 3% The shares of Shriram Transport Finance gained over 3% after the company said it has raised ₹100 crore by issuing bonds on a private placement basis. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-ril-ioc-ongc-cipla-hindustan-zinc-prabhat-dairy-and-others/articleshow/78780036.cms" data-type="tilCustomLink">Top stocks to watch — RIL, IOC, ONGC, Cipla, Hindustan Zinc, Prabhat Dairy, and others</a> <a href="https://www.businessinsider.in/tech/mobile/news/checkout-samsung-galaxy-m51-mobile-review/articleshow/78780771.cms" data-type="tilCustomLink">Samsung Galaxy M51 review – insane battery life</a> <a href="https://www.businessinsider.in/defense/news/india-will-be-most-consequential-partner-for-us-in-indo-pacific-this-century/articleshow/78780949.cms" data-type="tilCustomLink">US Defence Secretary believes India will be the most consequential partner for US in Indo-Pacific this century</a>

You Searched For "Reliance Industries share price" and got 10 results

Despite the nearly 6% rally, this is only the fourth best week for Reliance Industries’ shares this year

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RIL, Yes Bank, Fortis and all the stocks to watch out for on Monday

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Reliance Industries shares close flat

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Reliance share price rebounds by 6% as crude prices rise

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Reliance share price soars as Mukesh Ambani continues with his fundraising blitzkrieg for retail venture

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