Reliance has come out for reduction in share capital

26 July 2024

Reliance Retail

How many remember this?

Reliance has come out for reduction in share capital at Rs.1,362/share which will be almost 50% of the value which is being right now quoted in secondary markets.

We have been advocating to sell Reliance Retail since the levels of Rs. 4,000.

In spite of being a mammoth and a very good lucrative business, we have never been comfortable with the valuation of Reliance Retail after it rose beyond a certain level.

I am glad a lot of investors have listened to us and booked profits at the right time. Investors have sold shares anywhere between Rs. 2,500 - Rs. 4,000 and have made 300% - 800% in less than 3 years of investment.

Share reduction will happen at Rs. 1,362. People who didn't book will face challenge to find buyer now.

What to buy, when to buy and when to sell - This is our key focus area at Planify.

New and passive investors should talk to our investment bankers to seek help on where they should invest and how they should balance out their portfolio.