Reliance - The Demerger Effect• The highly anticipated demerger of Jio Financial Services Limited is currently underway, and on 20th July 2023, Reliance shares finally went Ex-JFSL.
• According to brokers' estimates, the per share price of JFSL was expected to be around 190. However, the market-derived valuation has exceeded expectations, reaching 261.85. This indicates that people have high hopes for Jio's performance in the near future, especially with its integration into other Reliance ventures.
• The listing of JFSL on the exchanges will take some time, and trading will only become available after its listing.
• During this interim period, the price movement of Reliance will be intriguing as it has returned to the 2 year old zone.
What do you expect from Reliance now? Will it take the sideways pathway or catch momentum with the JFSL Hype?
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
