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New year wishlist for Mukesh Ambani from 37 lakh shareholders of Reliance Industries

While it is not known what's on the top of to-do list for Mukesh Ambani in 2024, investors of Reliance Industries are anxiously awaiting the listing of Reliance Jio and Reliance Retail. The IPOs will not only lead to value unlocking for 37 lakh shareholders of RIL but can also act as a re-rating trigger.

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Reliance shares defy market rally, but analysts still see Rs 3,000 target in sight

Reliance Industries shares in focus: RIL stock which closed at Rs 2,618 on August 26, Friday was trading at Rs 2,599 in the afternoon session today.

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reliance share price: RIL AGM might be the icing on the cake for shareholders


The key trigger to watch out is
Reliance AGM and see if there are specific announcements related to its oil-to-chemicals business, says Sushil Choksey of Indus Equity Advisors. Edited excerpts from an interview:
What do you make of the big up move in Reliance shares in a matter of two days? What did we miss out over there?
RIL share prices peaked out around September-October and was underperforming. Within 14,300 to the current range, Nifty might have moved 2-3 times but Reliance kept sliding from the peak by almost Rs 350.
Now look at the triggers for the stock. Its petrochemical business is a play on the consumption story in India. O2C business is also a play on the consumer side. Globally, fuel demand is on the rise and refineries in the US are facing disruption.

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Why Reliance Industries shares dropped 1.5% in opening trade


Why Reliance Industries shares dropped 1.5% in opening trade
Reliance Industries share price declined as much as 1.53 per cent lower at Rs 1990.70 apiece in early deals on the Bombay Stock Exchange on Monday
BusinessToday.In | April 5, 2021 | Updated 10:14 IST
Reliance Industries shares fall 1.5%
Shares of Reliance Industries fell 1.5 per cent in opening trade on Monday, in line with BSE Sensex which was down 1 per cent. Reliance Industries shares were under stress after the oil-to-chemical major announced that it had received nod for the demerger of its oil-to-chemicals (O2C) business into a wholly-owned subsidiary.
Reliance Industries share price declined as much as 1.53 per cent lower at Rs 1990.70 apiece in early deals on the Bombay Stock Exchange on Monday. The stock opened marginally higher at Rs 2,025 against previous closing price of Rs 2,021.70 on the BSE.

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Why RIL share rose nearly 7% in last three trading sessions


Why RIL share rose nearly 7% in last three trading sessions
RIL stock has gained 6.84% or Rs 137.45 since February 22 when it closed at Rs 2,007.40 on BSE
BusinessToday.In | February 25, 2021 | Updated 18:13 IST
The large cap stock ended 3.84% higher at Rs 2,144.85 today against previous close of Rs 2059.80 on BSE.
Reliance Industries Ltd (RIL) share has risen nearly 7% in last three trading sessions after the Mukesh Ambani-led conglomerate announced the demerger of its O2C (oil-to-chemical) business into a wholly owned subsidiary. The stock has gained 6.84% or Rs 137.45 since February 22 when it closed at Rs 2,007.40 on BSE.
The large cap stock ended 3.84% higher at Rs 2,144.85 today against previous close of Rs 2059.80 on BSE. In today's trade, the stock touched an intraday high of Rs 2,140, rising 3.16% on BSE.

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Future-Reliance deal: NCLT can carry on proceedings but can not pass final order, says SC


Future-Reliance deal: NCLT can carry on proceedings but can not pass final order, says SC
The Delhi High Court on 8 February had stayed its single judge direction to FRL and various statutory authorities to maintain status quo on the mega deal
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The Supreme Court Monday asked the National Company Law Tribunal (NCLT) not to pass a final order Future Retail Ltd’s ₹24,713-crore asset sale to Reliance Industries Ltd. The apex court also agreed to hear Amazon's plea against the Delhi High Court verdict staying its single-judge directive to maintain status quo on the deal. The e-commerce giant has moved the top court against the order of the high court division bench which paved the way for the Reliance-Future Retail Ltd deal.

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