Street signs: Call date with RIL, Pair strategy for Axis, ICICI Bank & more

Prices of key raw materials, such as copper, steel and aluminium, are up between 20 and 40 per cent in one year

Call date with Reliance Industries

Holders of Reliance Industries’ (RIL’s) partly paid shares will have to make their first call payment of Rs 314.25 by May 31. Broking officials said many investors had bought partly paid shares with an intention to trade and could miss the payment. Non-payment of first call will attract interest or the shares will get forfeited, they add. Last year, investors had bought rights entitlement of RIL worth crores but never subscribed to the shares. Given the sharp spike in RIL’s share price on Friday, the new partly paid shares of face value of Rs 5 —