RIL shares surge over 4% hitting 52-week high on demerger announcement
Demerger of financial services arm expected to unlock value for RIL shareholders
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Demerger of financial services arm expected to unlock value for RIL shareholders
Shares of Reliance Industries, ICICI Bank and Infosys alone contributed 50% to Nifty’s move on Friday.
CLSA believes that shares of Reliance can rally upto 35% from current levels and has a target of Rs 2,970 on the stock.