Goodwill Investor Education Eagle’s Eyes – Stock Market Review. “The Hero of Bourses-Reliance-Jio -” leads.

Mukesh leads the Bourses! JIO is the talk of the Investors world over!

We have been writing on these columns that the real Hero of the market in the recent past has been Mukesh Ambani- a true ‘legend in- making’ with his Fire-brand ammunition of JIO in his Armour, attracting huge investments from world over and the investors should take advantage of the rise and our statements have really come true.

Reliance Industries touched a record high on Thursday. The stock was trading at Rs 2218, up 2.66 percent at 10:40 am. RIL shares touched record-high on Thursday:  Rs 2234/-later.

On Wednesday,  Reliance Industries announced that Silver Lake Partners picked up 1.75 per cent stake Reliance Retail Ventures (RRVL) for Rs 7,500 crore.

Reliance Industries Reportedly in Advanced Talks With KKR For Stake Sale, After Silver Lake Picks Up 1.75% Stake in Reliance Retail

It marked the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year.

Reliance Industries Reportedly in Advanced Talks With KKR For Stake Sale, After Silver Lake Picks Up 1.75% Stake in Reliance Retail.

There was also news which said that KKR & Co. is in advanced talks to invest at least $1 billion in the retail business of Reliance Industries, according to a Bloomberg report. This could be another big investment in the unit following Silver Lake Partners’ deal.

Exports in September first week jump 13 pc to $6.12 billion

Five leaders that are lagging… The stock market in the past three years has rewarded companies that are leaders in their space with premium valuations. But there are a handful of companies that are struggling to find favor among a large section of investors despite having strong positions in their sectors. Some of the prominent ones are SBI, ITC, L&T, NMDC and Coal India. Most of them are market leaders with a strong dividend-paying record but they fail to find favor with investor

India Inc’s share pledges on a high… Pledging of shares by promoters in NSE-listed companies saw a surge in August, with the value of stock pledged climbing to Rs 2.77 lakh crore. Data showed that the quantum of stock pledged increased to 1.86% of the total market capitalization from 1.23% as on July 31. While Vedanta contributed a major portion to the increase in pledge for delisting Vedanta, the others were in need of liquidity as the Covid-19 outbreak caused a decline in cash flows.

Investors will do well to keenly watch the developments and take appropriate investment decisions.

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