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Reliance Industries is currently trading at Rs. 2943.60, up by 34.60 points or 1.19% from its previous closing of Rs. 2909.00 on the BSE.
The scrip opened at Rs. 2931.05 and has touched a high and low of Rs. 2958.00 and Rs. 2931.05 respectively. So far 48190 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2999.85 on 27-Feb-2024 and a 52 week low of Rs. 2,012.14 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2999.85 and Rs. 2900.55 respectively. The current market cap of the company is Rs. 1988593.27 crore.
The promoters holding in the company stood at 50.30%, while Institutions and Non-Institutions held 38.90% and 10.81% respectively.
Reliance Industries, Viacom 18 Media (Viacom18) and The Walt Disney Company (Disney) have signed signing binding definitive agreements to form a joint venture (JV) that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India (SIPL) through a court-approved scheme of arrangement. In addition, Reliance Industries has agreed to invest at closing Rs 11,500 crore into the JV for its growth strategy. The transaction values the JV at Rs 70,352 crore on a post-money basis, excluding synergies. Post completion of the above steps, the JV will be controlled by Reliance Industries and owned 16.34% by Reliance Industries, 46.82% by Viacom18 and 36.84% by Disney.
Disney may also contribute certain additional media assets to the JV, subject to regulatory and third-party approvals. The JV will be one of the leading TV and digital streaming platforms for entertainment and sports content in India, bringing together iconic media assets across entertainment (e.g. Colors, StarPlus, StarGOLD) and sports (e.g. Star Sports and Sports18) including access to highly anticipated events across television and digital platforms through JioCinema and Hotstar. The JV will have over 750 million viewers across India and will also cater to the Indian diaspora across the world.
The JV will seek to lead the digital transformation of the media and entertainment industry in India and offer consumers high-quality and comprehensive content offerings anytime and anywhere. The combination of the media expertise, cutting-edge technology and diverse content libraries of Viacom18 and Star India will allow the JV to offer more appealing domestic and global entertainment content and sports livestreaming services, while delivering an innovative and convenient digital entertainment experience at affordable prices. With the addition of Disney’s acclaimed films and shows to Viacom18’s renowned productions and sports offerings, the JV will offer a compelling, accessible and novel digital-focused entertainment experience to people in India and the Indian diaspora globally.
The JV will also be granted exclusive rights to distribute Disney films and productions in India, with a license to more than 30,000 Disney content assets, providing a full suite of entertainment options for the Indian consumer.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
| Company Name | CMP |
|---|---|
| Reliance Industries | 2931.15 |
| Indian Oil Corp. | 168.95 |
| BPCL | 610.20 |
| HPCL | 495.20 |
| MRPL | 249.40 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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