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Exactly three months after the de-merger of the four companies - Reliance Communications Ventures, Reliance Natural Resources, Reliance Energy Ventures and Reliance Capital Ventures to the Anil Dhirubhai Ambani Group - the Reliance Industries shares were back at the pre-merger rate of Rs 920 levels.

On Wednesday, the stock moved up by 3.32 per cent to close at Rs 920.85. The buzz in the market is that the company is likely to announce a stock split. A research report by a leading brokerage also recommended a `buy' on the stocks with a one-year price target of Rs 1,200, boosting the demand for its shares, dealers said.

Shares of Reliance Industries have risen by Rs 225.80 or 32.40 per cent after the de-merger.

Following the de-merger, the scrip had dipped to Rs 695.05 from Rs 928.15 on January 18.

Rajesh Abraham

More Stories on : Restructuring | Stocks | Reliance Industries Ltd | Ear to the ground

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