RIL Bonus Shares: Reliance shares will turn ex-bonus today

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RIL Bonus Shares: On Monday, Reliance Industries Ltd. (RIL) shares will go ex-date for the bonus issuance at a 1:1 ratio. The record date for the same is today as well. On Friday, the Dalal Street stock with the highest market capitalization ended at Rs 2,655.45 a share.

This is the biggest bonus issuance in Indian history and RIL’s sixth overall. In the last month, RIL’s stock has dropped 10%. The stock has increased by 2.53% so far this year, while the BSE Sensex has increased by 9.87%.

The RIL stock has returned 266 percent since its last bonus shares in 2017. As of Friday, it was trading at Rs 2,655.45, up from Rs 725.65 on the ex-date of September 7, 2017. The extra issues that came before it were announced in 2009, 1997, 1983, and 1980.

The stock became ex-date on November 26 of 2009, the same year that Reliance Industries issued bonus shares in a 1:1 ratio. In a 1:1 ratio, the 1997 bonus edition was also announced. Bonus shares in 1983 and 1980 were issued at a 6:10 and 3:5 ratio, respectively. In addition, in May 2020, RIL announced the last of five rights issues. Jio Financial Services Ltd. was demerged in July 2023.

Regarding RIL shares, a few experts are mostly indifferent to bullish. According to PL Capital Institutional Equities, gas output is anticipated to be steady at 28–30 mmscmd with a realisation of $10/MMBtu, while Reliance’s core business is likely to remain subdued in the medium term due to a dismal refining and petchem outlook.

Due to the company’s rate boost, Jio’s ARPU increased 7% QoQ to Rs 195 and should continue to rise over the following two quarters. Retail is probably going to keep doing steadily as well. The number of new energy companies in which RIL is spending Rs 75000 crore is not included in our estimations. “The outlook will improve with the demerger of Retail/Jio Platforms and greater clarity of new energy businesses,” PL Capital said in the Diwali note.

According to JM Financial, RIL intends to increase its Jio and retail income over the course of the next three to four years. It said that its emphasis on renewable energy puts it in a strong position going forward.

According to the brokerage, RIL’s profits growth trend may continue to be robust across all categories, with an upside of almost 28% anticipated over the next six to twelve months. For RIL, PAT increase is 15% each year from FY24 to FY27.