Jio Financial Services demerger next week. Why you should buy Reliance shares before JFSL record date?

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₹10,000 crore. According to stock market experts, Reliance share price has hit fresh life-time high of ₹2,802 apiece on NSE last week due to value unlocking and the uptrend is expected to continue as market is highly bullish on Jio Financial Services shares after listing on Indian bourses.

They believe that buying Reliance shares is the best way to get Jio Financial Services shares at cheapest possible rate as the JFSL share price may skyrocket after listing. They said that Jio Financial Services listing price would be around ₹150 to ₹200 apiece levels and it may soon skyrocket as the stock is expected to witness subastantial trade volume.

RIL has declared that Reliance shareholders would be awarded Jio Financial Services shares in 1:1 ratio after JFSL record date for demerger. On why Reliance share price hit new life-time high last week, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Reliance share price is skyrocketing as Jio Financial Services demerger record date is falling next week on Thursday, 20th July 2023.

As Reliance shareholders will get Jio Financial Services shares in 1:1 ratio, people are buying Reliance shares to get Jio Financial Services shares at cheapest possible rate." Gorakshkar said that comparing Jio Financial Services valuations with the number of equity shares to be floated in the market, Jio Financial Services share price is expected to open below or around ₹200 per share. Rajesh Sinha, Sr.

Research Analyst at Bonanza Portfolio said, "Reliance share price has touched their 52-week high levels on the back of fixing record date for demerger of its Reliance Strategic Investments Ltd., the financial services arm of the company. Reliance Industries rename the new entity as Jio