Reliance Industrial Ltd’s stock has picked -up to 90% since March, 2020. The prices per share has also risen by 30%. Experts still believe that there are chances left in rising stock of Mukesh Ambani’s RIL.
However, partly paid shares ,which were listed post the Rs 53,000 crore rights issue, have performed even better. On June 15 the partly paid shares were started trading by Rs.690 per share, after it the.price of partly per share has risen by 76% to 1,220 per share. This is slightly lower than the fully paid shares which amounts to 1,257 per share.
Since the upfront payment is less for partly paid shares, many investors prefer to buy PP vs the Fully Paid one, with the objective of creating alpha on their investment.
Investors who buy PP shares will have to pay the balance amount as per the payment schedule and it will eventually get merged into fully paid shares post the payment of all the money.
Hemang Jani, Head Equity Strategist explained about PP(partly paid) shares to the sources.
Investors who did not pay in one go had traded these partly paid shares.Investors who participated in the Reliance Industries’ rights issue to acquire the partly paid shares have only paid Rs 314 per share so far.
