Reliance Industries has declared 1:1 bonus shares, which came as a surprise, since the audited results only were expected today. Reliance declared its audited FY09 results, including Reliance Petroleum's (RPL) numbers, which was merged recently.
The net sales were at Rs 1.51 lakh crore versus Rs 1.37 lakh crore, whereas the net profit was at Rs 15,296 crore versus Rs 19,523 crore, which is much below the previous year. Meanwhile, the last bonus was issued in 1997, in the ratio of 1:1.
This move by Reliance would prop up the market in short term, while the markets are seeing some volatile moves either way.
Get Connected
Popular Posts
-
Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar yea...
-
What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in stand...
-
As we all know, an index fund is a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the c...
-
Markets have corrected about 60% from their peaks and have bounced 30% from their lows.For how long will the markets behave the way they are...
-
What is Gift Nifty? Gift Nifty is a new identity given to SGX Nifty, available for trading in NSE IX with effect from July 3. Instead of Si...