Earlier in the day, an RIL Chairperson said the Mukesh Ambani Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is ready to be commissioned in the second half of 2024 itself. Spread over 5,000 acres, the project will generate a large number of green jobs, enable the production of green products and materials, and will make Gujarat a leading exporter of green products.
Shareholders of the demerged entity Jio Financial Services (JFSL), which has lost almost 20% from its listing price of Rs 265, are also eagerly waiting for Ambanis to spill the beans on the company s future plans.
As all existing F&O contracts in RIL expire today, the only strategy possible in RIL is to take long positions in the cash market. Investors can be rewarded with JFSL if one is able to buy today and hold it at least for a day. Stock exchanges NSE and BSE will conduct a special pre-open session for price discovery in RIL shares from 9 am to 10 am following the demerger.