MFs buy equities worth ₹35,600 cr in Aug; Zomato, TCS, Trent, Maruti among top picks
The highest-selling by mutual funds was observed in HDFC Bank, RIL, Apollo Hospitals and Infosys shares.
The highest-selling by mutual funds was observed in HDFC Bank, RIL, Apollo Hospitals and Infosys shares.
If approved, this will be the third bonus issue by Reliance Industries after 2009 and 2017, when the conglomerate issued bonus shares in the ratio of 1:1.
Cash-rich groups foray into new-age businesses, consolidate existing ones to add to market value.
RIL is first Indian company to cross ₹1 lakh crore in pre-tax profits as Jio, Reliance Retail emerge industry leaders.
India has recently overtaken the U.K. and South Korea to become one of the top five countries with the largest corporations in the world.
Reliance’s new energy business to match O2C’s profitability in the next 5-7 years, adding over 50% to the consolidated PAT of the Group.
The joint venture, boasting extensive content libraries and robust distribution channels, will compete with major players such as Sony, Netflix, and Amazon, as well as 120 TV channels.
Reliance's arrival on the global renewable energy landscape will be disruptive, says Ambani in the RIL’s annual report.
The sentiment was dented by weak U.S. manufacturing PMI data, which triggered sell-off in the global equity market.
The focus will be on continuation of existing capex agenda in infra, railways, defence, and renewable space, says JM Financial.