Page 46 - Reliance Industries

Top headlines: Jio Financial India's most valued NBFC, turmeric prices soar

Business Standard brings you the top headlines at this hour

Stocks to watch: RIL, Infosys, HUL, Ultratech Cement, Union Bank, L&T, DLF

Stocks to watch on July 21, 2023: From Reliance Industries to Infosys, check out the top stocks to watch in Friday's trading session

Jio Financial Services: India's biggest demerger in the value terms

According to Reliance Strategic Investments annual report for FY22, it had other long-term investments worth around Rs 181 crore

Jio Financial Services becomes India's most valued NBFC behind Bajaj twins

RIL's shares last closed at Rs 2,623, making it the country's most-valued firm at Rs 17.74 trillion

Markets end at record closing highs; Sensex tops 67,500, Nifty nears 20,000

Closing Bell on July 20: The market discovered price of Jio Financial Services as Rs 261.85 per share, much higher than estimates

Reliance spin-off Jio Financial valued at $20 billion, above estimates

At a $20 billion valuation, Jio Financial would be one of the top 40 Indian companies by market capitalisation, in a list headed by Reliance at $233 billion

Jio Financial listing: NBFC stocks must cross key hurdles to resume rally

Listed NBFC stocks are currently facing selling pressure at higher levels, show technical charts

RIL gains 2% as it trades ex-Jio Financial; JFS valued at Rs 262 on NSE

Jio Financial Services was valued at Rs 251 on the BSE and Rs 262 on the NSE, as the price of RIL (ex-JFS) settled at Rs 2,589 and Rs 2,580, respectively, on both the exchanges.

Stocks to watch: RIL, HUL, Infosys, Bank of Maha, L&T Finance, Tata Coffee

Stocks to watch on July 20, 2023: From Reliance Industries to Hindustan Unilever, check out the top stocks to watch in Thursday's trading session

Reliance-Jio Financial demerger today: Here's what you need to know

The local stock exchanges will on Thursday hold a special "price discovery" session for the first time ever to determine the value of Jio Financial Services' shares

Reliance Industries shares rally for third day; hit fresh 52-week high

Shares of Reliance Industries Ltd climbed for the third consecutive day on Wednesday, hitting their fresh 52-week high during intra-day trade. In three days, the stock of the country's most valued firm by market capitalisation (mcap) has jumped 3.69 per cent. The company's market valuation has rallied by Rs 68,269.06 crore in three days to reach Rs 19,21,434.54 crore. On Wednesday, the stock climbed 0.62 per cent to settle at Rs 2,840 on the BSE. During the day, it rose 1.15 per cent to reach its fresh 52-week high of Rs 2,855. At the National Stock Exchange (NSE), it rallied 0.75 per cent to end at Rs 2,841.85. During intra-day trade, the stock registered a gain of 1.26 per cent to hit a 52-week high of Rs 2,856. Rallying for the fifth day running on Wednesday, the 30-share BSE Sensex jumped 302.30 points, or 0.45 per cent, to settle at its new record closing high of 67,097.44 points. The NSE Nifty gained 83.90 points, or 0.42 per cent, to settle at its lifetime closing high of ..

Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine

Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day

RIL near record high ahead of Jio Financial demerger; up 12% so far in July

Analysts value Jio Financial Services at Rs 161/share, which is 1x RIL's treasury stock valuation of Rs 1,087 billion or $13 billion

RIL shares hit 52-week high; market valuation again reaches Rs 19 trn-mark

Shares of Reliance Industries touched their 52-week high level in intra-day trade on Tuesday and ended in the positive territory, taking its market valuation to more than Rs 19 lakh crore. The bellwether stock ended at Rs 2,822.40 apiece, up 0.93 per cent on the BSE. During the day, it climbed 1.48 per cent to hit its 52-week high of Rs 2,838. On the NSE, it rose 0.84 per cent to settle at Rs 2,820.45. The scrip reached its 52-week peak of Rs 2,837.45, registering a gain of 1.45 per cent during the day. The company's market valuation jumped from Rs 17,456.07 crore to Rs 19,09,526.60 crore. On July 10, shares of the company hit their 52-week high of Rs 2,755 on the BSE. On Tuesday, the 30-share BSE Sensex climbed 205.21 points or 0.31 per cent to settle at its new all-time closing high of 66,795.14 points. The NSE Nifty gained 37.80 points or 0.19 per cent to end at its all-time closing high of 19,749.25 points.

At Rs 19.1 trillion m-cap, RIL creates record; shares touch lifetime high

Shares rise nearly 1% to end at Rs 2,822; from a low of Rs 2,201 in 2023, RIL's stock has added over 28%; gains come ahead of demerger with its financial services arm JioFin

NSE to hold special pre-open session for RIL on July 20 amid its demerger

The National Stock Exchange (NSE) will conduct a special pre-open session for Reliance Industries Ltd on July 20 on account of the demerger of its financial services business Reliance Strategic Investments Ltd. The spun-off entity Reliance Strategic Investments Ltd (RSIL) will be renamed as Jio Financial Services (JFSL). The demerged company can be retained in the Nifty index if the special session will be conducted by the exchange as per the new methodology. Following the demerger, Reliance Industries would continue to be part of Nifty Indices. Besides, the spun-off entity will be included in several Nifty indices, including Nifty 50, Nifty 100, Nifty 200, and Nifty 500 from July 20, NSE Indices said in a statement on Monday. For at least three days from July 20 onwards, there will be 51 stocks available for trading on the Nifty 50 as the demerged entity will be part of the index. "In accordance with the index methodology, spun off entity (Jio Financial Services) shall be includ

M-cap of 6 of top-10 valued firms jumps Rs 2 trn; Reliance, TCS big winners

Six of the top-10 most valued firms together added Rs 2,03,010.73 crore in market valuation last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid an optimistic trend in equities. Last week, the 30-share BSE benchmark jumped 780.45 points or 1.19 per cent. The Sensex on Friday settled at its new all-time closing high of 66,060.90. From the top-10 pack, the market valuation of Reliance Industries jumped Rs 69,990.57 crore to reach Rs 18,53,033.73 crore. Tata Consultancy Services (TCS) added Rs 68,168.12 crore taking its valuation to Rs 12,85,058.84 crore. The market valuation of Infosys rallied Rs 39,094.81 crore to Rs 5,91,547.67 crore and that of Bharti Airtel surged Rs 10,272.84 crore to Rs 4,95,116.94 crore. The market capitalisation (mcap) of ICICI Bank climbed Rs 10,135.42 crore to Rs 6,72,837.72 crore and that of ITC went up by Rs 5,348.97 crore to Rs 5,87,951.43 crore. However, HDFC Bank's valuation fell by Rs 8,695.25 crore

Mukesh Ambani richest man in India, Adani at No. 2, check others on list

Mukesh Ambani continues to be the richest person in India, followed by Gautam Adani, as of June 2023. The latest edition of Trendlyne's "Chart of the Week" reveals

Disney's India business sale may attract private equity firms, local rivals

In 2019, when Walt Disney acquired 21st Century Fox's entertainment business for $71.3 billion, the valuation of the India business was pegged at $14-15 billion

Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn

Meanwhile, RIL had reported a consolidated net profit of Rs 66,702 crore and ICICI Bank Rs 34,037 crore in FY23