Reliance Industries Shares Surge 1% After Special Pre-Open Session and Stock Split


reliance industries shares

At 10:09 AM on the NSE (National Stock Exchange), shares of Reliance Industries were trading at INR 2,612, up 1.24%. This occurred because the pre-financial split share price, which served as the reference point for the demerger, stabilised at INR 2,580.

Investors were permitted to place, change, or cancel orders for Reliance Industries Limited (RIL) shares within the first 45 minutes of the special pre-open session on Thursday. Order matching started at the equilibrium price, which was the opening price, following the instant completion of the order collection period for the following ten minutes. Jio Financial Services Limited (JFSL)’s discovery price was set at INR 261.85 per share.

This price was determined by subtracting the discovery price, which was INR 2,580 during the pre-open session, from the previous closing price for RIL of INR 2,841.85. Until JFSL is listed on the stock exchange, this price will not change. According to Devarsh Vakil, Deputy Head of Retail Research at HDFC Securities, after JFSL shares are listed, they would continue to be the 51st stock in the Nifty 50 index for three years, offering stability to investors and assisting them in managing their portfolios.

Reliance Industries’ F&O (Futures and Options) contracts opened for trade after the special session ended.

Reliance Strategic Investments Limited (which will be renamed Jio Financial Services or JFS), a separate division of Reliance Industries, posted a combined net profit of INR 331.92 crore in the first quarter after deducting taxes from the total revenue of INR 414.13 crore. The overall revenue for the fiscal year that concluded on March 31 was INR 44.84 crore, and the profit was INR 31.25 crore.

The overall revenue for the quarter was INR 214.57 crore, and the net profit for the quarter was INR 145.47 crore.

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