We got featured in Economic Times! Reliance Retail, an unlisted subsidiary of RIL has more than double in value in the last 5 months, led by it's parent fundraising efforts . Current pricing seems steep considering a comparison with other retailing entities in the listed space. Let us know what you think of the same.
Energy-to-telecom Reliance Industries (RIL) impressed
Dalal Street all through June quarter with a series of stake sales in Jio
Platforms and India’s biggest ever rights issues. Investors rewarded the
company by doubling the stock price from its March low point.
But an unlisted arm of the company has done even better. Shares of Reliance Retail (RRL), which trade in the unlisted market, have delivered about 150 per cent return on a year-to-date basis (YTD).
Dealers
in the market for unlisted shares say the scrip hovered at Rs 1,100 on June 30,
the highest price in the unlisted market, after having risen steadily from
around Rs 425-450 at the end of January 2020.
The stock price almost doubled during the lockdown period, rising from Rs 575-600, even as much of unlisted market turned lacklustre.
Sandip Ginodia , Director
ALTIUS INVESTECH PVT LTD
We deal in over 60 unlisted companies with 15 years of experience .
Email : ginodiasandip1@gmail.com
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