Jio Financial became a company of more than $ 20 billion by separating from RIL
Such fixed share price
The closing price of Reliance Industries on Wednesday was Rs 2,841.85 and the difference between the closing price of Rs 2,580 i.e. Rs 261.85 at the end of the one-hour special session held before the start of regular trading in the market on Thursday has been fixed. JFSL On this basis, the total value of JFSL’s shares will be Rs 1,66,000 crore i.e. more than $ 20 billion.
Will be the 32nd valuable company of the country
With this market cap, Jio Financial Services will become the 32nd most valuable company in the country by market cap. In this way, it will also leave behind Adani Ports, Adani Green, Tata Steel, Coal India, HDFC Life, Indian Oil and Bajaj Auto. JFS also holds treasury shares of Reliance worth about Rs 1 lakh crore. “Reliance Industries will also grow very fast from here as JFS unlocking is just the beginning and shareholders will also benefit greatly as there will be many opportunities for growth in retail and telecom,” G Chokkalingam, head of research at Equinomics, said in a news report. Due to these reasons, investors have got a lot of confidence.
Nifty near 20,000 on strong inflow of foreign funds
On the day of weekly expiry in the stock market, both the major indices reached new record levels. Bumper inflow of foreign funds and buying in FMCG companies Sensex climbed 474.46 points to close at a new high of 67,571.90 points. It had also touched an all-time high of 67,619.17 during the day. Similarly, the Nifty closed at a new record level by climbing up 146 points. Now Nifty is very close to touching the psychological level of 20,000. This was the sixth consecutive trading session of boom in both the stock indexes. During this both Sensex and Nifty have touched their new heights.
Vinod Nair, Head of Research, Geojit Financial Services, said, “The rise in the value of heavyweights like RIL and ITC is driving the major indices. Expectation of good results of the first quarter of the banks is preparing the basis for taking the index to new heights. Mixed signals from global markets are also not able to affect investor sentiment. Among the companies included in the Sensex, ITC gained about three percent. On the other hand, Devarsh Vakil, Head of Research, HDFC Securities, said that there is an atmosphere of enthusiasm in the market due to the strong foreign fund flow and good macro economic scenario.