कोशिश गोल्ड - मुक्त
Jio Fin demerger, QI earnings to keep RIL stock in focus this week
Mint Mumbai
|July 17, 2023
Reliance Industries Ltd (RIL) saw its stock surge to a 52-week high of ₹2,802 last week aided by the announcement of the record date for demerger of its financial services business, and analysts expect the conglomerate to remain in focus ahead of its June quarter results.
The record date for demerger is 20 July and RIL shareholders will be issued Jio Financial Services (JFS) shares in a ratio of 1:1 (one equity share of Jio Financial Services for every share held in RIL). This led to an investor rush to buy RIL shares and be rewarded with shares of the financial services business that may see good gains post its listing, said analysts.
Analysts have been valuing Jio Financial Services shares in RIL SOTP (sum of the parts valuations) in the range of ₹125-225. Analysts at a foreign brokerage based on core net worth of Jio Financial Services and its value of stake in RIL, have valued Jio Financial Services in the range of ₹90,000 crore to ₹1.5 trillion, implying a ₹134-224 per share in RIL'S SOTP valuation.
यह कहानी Mint Mumbai के July 17, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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