Why did RIL fall today?
One reason why RIL shares weakened after the AGM was due to disappointment among shareholders regarding the $15 billion Saudi Aramco deal. While Mukesh Ambani said the deal will be closed this year, some shareholders are unhappy that the deal has not been sealed yet.
Good time to buy? Reliance Industries share price today hit a new high of ₹2,525 apiece on the NSE. The oil-to-retail-to-telecom conglomerate’s scrip has given fresh breakout today above ₹2500 and it may go up to ₹3,000 per stock levels in medium-term time horizon, as per stock market experts.
Is Reliance Power good to buy?
4. Is Reliance Power a good long term investment? Past 10 years financial track record analysis by Moneyworks4me indicates that Reliance Power Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.
Stocks to Buy Today: Best Shares to Buy in India
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ICICI Direct has hold call on Reliance Industries with a target price of Rs 2760. The current market price of Reliance Industries Ltd. is Rs 2658.
PGCIL seeks shareholder nod to capitalise Rs 1,743 cr reserves to issue bonus shares. The special resolution to capitalise reserves of Rs 1743,86,32,160 for issuing bonus shares in the ratio of 1:3 is listed on the agenda of the EGM scheduled on July 20, 2021, a filing said.
According to stock market experts, RIL share price may continue to scale new peaks in upcoming trade sessions as they see further rise in the counter. They said that Reliance Industries share price may go up to ₹3000 levels in next 12 month.
Is Mukesh Ambani buying Reliance Power?
Reliance Power, which is part of Anil Ambani Group, plans to raise Rs 1,325 crore from its promoters to reduce debt. It will issue equity shares and convertible warrants to Reliance Infrastructure, which will see its stake in Reliance Power rise to 38% from the current 9%.
Where is Reliance Power Plant?
Rosa Thermal Power Project: 1,200 MW (4×300 MW) coal-based thermal power plant in Rosa village, Shahjahanpur district, Uttar Pradesh. The plant is fully functional. Butibori Thermal Power Project: 600 MW (2×300 MW), at Butibori near Nagpur, Maharashtra. The plant is fully functional.