Reliance's Rights Entitlement gives whopping 71% return on NSE in 2 days - Here's how!

RIL's RE became the first issue where eligible shareholders held rights entitlement in Demat which can be available for trading.

May 22, 2020 08:05 IST India Infoline News Service

It has been two days now since the Reliance Industries Rights Entitlement made its debut on exchanges. Amid Covid-19 pandemic which has impacted the movement of exchanges like Sensex and Nifty who are hovering around 31,000 and 9,100 levels, the RIL's RE has become a multi-bagger for investors.

On Thursday, Reliance's RE opened at Rs202.15 per piece on NSE, and by end of the day has managed to an all-time high of Rs258.30 per piece before finishing at Rs232-levels.

The stock ended at Rs232 per piece up by Rs29. 85 or 14.77%.

The RE made its market debut on May 20, where it ended at a robust Rs212 per piece up by Rs60.10 or 39.17% on the same index. It had opened its trading session at Rs151 per piece.

Taken into consideration the all-time high and market debut opening then, RIL's RE has given a breathtaking 71% return to investors in just two days. How it performs on Friday, will be keenly watched.

The Mukesh Ambani-led company allowed subscription in its behemoth Rs53,125cr rights issue from May 14, before being available for trading for public shareholders on May 20.

RIL's RE became the first issue where eligible shareholders held rights entitlement in Demat which can be available for trading.

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