InvestorQ : Why did RIL correct in late trades although the market was strong overall?
vaishnavi mhatre made post

Why did RIL correct in late trades although the market was strong overall?

Answer
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Mary Joseph answered.
4 months ago


Actually, it is the other way round. RIL opened weak and touched a low of Rs.1497 but subsequently bounced back and actually closed over 3% higher and closed the day at Rs.1589. It may be recollected that the partly paid shares – PP shares are to be listed on the bourses on June 15. Markets are expecting the partly paid shares to quote at a premium due to the strong monetization done by RIL of its Jio Platforms stake in the last few weeks.