Reliance Industries Ex-Bonus Date Today: Analyst Insights and Stock Outlook - Everything You Need To Know
RIL stock turns ex-bonus today in a 1:1 ratio, with analysts projecting stable growth in Jio and green energy. While refining may face headwinds, RIL’s diversification and upcoming projects promise strong future potential.
Reliance Industries Ltd (RIL) has today, October 30, 2024 emerged as ex-bonus date in 1:1 ratio; the largest bonus issue in India ever. RIL had its last bonus issue in the year 2017, where stock closed at ₹2,655.45 on Friday with solid returns since then, now the sixth bonus issue shows shareholder value and strategic growth continues by the company within its telecom, retail, and green energy sectors.
Key Highlights of Bonus Shares by RIL, Ex Date
RIL's ex-date for its bonus shares is today; hence all valid shareholders as of today are entitled to this latest 1:1 issued share. This stock has seen tremendous growth since bonus shares were issued, and the latest bonus shares issued in 2017 started growing from 266 percent after seven years. Pre-issue bonus issues were reported during 2009, 1997, 1983, and 1980, all of which helped the company's share to grow. Apart from the bonus issues, the RIL has also issued rights five times, the latest one in May 2020.
Analysts Recommendation for RIL Stock Forecast
Analysts are generally neutral-to-positive on the shares of RIL citing growth through a mix of stable as well as promising areas. The refining and petrochemical segments in its core business would naturally falter in the near-term, but its gas has been steady, going with an expected production of 28-30 mmscmd and a realization of around $10/MMBtu. In telecom, too, Jio reported QoQ increase in the ARPU by 7% at ₹195 on the back of price raises recently, which might become a trend for more such quarters. Retail for the entity is also in its cruising mode, going into constant steady growth.
As noted by PL Capital Institutional Equities, demergers in the pipeline, like that of Jio Platforms and Reliance Retail, would further drive growth in the stock of RIL. Additionally, clarity would emerge on the new energy ventures into which RIL has invested ₹75,000 crore.
Strategic Investments by RIL in Green Energy and Retail
RIL is very aggressive in expansion in both green energy and retail. The plan will set the company up for future long-term growth. JM Financial analysts have mentioned that RIL has been concentrating on revenues growth of Jio as well as retail businesses, over the next three-to-four years. The brokerage foresees upside of 28% on RIL's shares for the next 6-12 months. RIL's PAT is also expected to grow at a 15% annual growth rate between FY24 and FY27, mainly due to strong performance from diversified business units.
Although RIL shares have fallen by 10% in the last month, analysts feel that long-term investors can look for value in RIL's diversified portfolio, especially in areas with high growth potential, such as green energy. Diversification and a focus on sustainable growth will help contribute positively to the stock price of RIL in the years ahead.
