Reliance Shares Appear to Drop 50% After 1:1 Bonus Issue, Analysts Cautiously Optimistic on Long-Term Growth

Reliance Shares Appear to Drop 50% After 1:1 Bonus Issue, Analysts Cautiously Optimistic on Long-Term Growth

On October 28, 2024, Reliance Industries Ltd. (RIL) stock opened at ₹1,338 per share, which looked almost 50% lower than Friday’s closing price of ₹2,655.45. This sudden decline, however, is due to company’s recent 1:1 bonus share issuance, where every shareholder received one additional share for each share they already owned. In a 1:1 bonus…

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Waaree Energies IPO Allotment Status: How to Check Online

Waaree Energies IPO Allotment Status: How to Check Online

Waaree energies Limited will determine and finalize which investors will receive shares from its recent Initial Public Offering (IPO). This finalization is happening today, October 24. The IPO, which was open for bidding from October 21 to October 23,  attracted significant interest, particularly from large institutional investors known as Qualified Institutional Buyers (QIBs). These are…

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