Reliance Industries: Bonus cheer
The stock of Reliance Industries (RIL) went ex-bonus last week. The 1:1 bonus issue seems to have been driven by, among other factors, the 50 per cent rally in the stock this calendar. This saw its price cross the ₹1,500 mark a couple of months back and go up further since. Post bonus, the stock now trades at ₹817, making it optically more accessible to the small investor. Bonus announcements...
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