RIL bonus shares: Reliance stock to turn ex-bonus today; analyst views & more

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Shares of Reliance Industries Ltd (RIL) will turn ex-date for bonus issue in the ratio of 1:1 on Monday. Today is also the record date for the same. The most-valued stock on Dalal Street in terms of market capitalisation, closed at Rs 2,655.45 apiece on Friday.This is the sixth bonus issue by RIL and the largest-ever in Indian history. RIL shares shed 10 per cent in the past one month. The scrip is up 2.53 per cent year-to-date against 9.87 per cent rise in the BSE Sensex during the same period.Since its last bonus shares in 2017, the RIL scrip has delivered 266 per cent return and stood at Rs 2,655.45 on Friday against Rs 725.65 on September, 7, 2017, the ex-date. The preceding bonus issues were announced in 2009, 1997, 1983 and 1980.Reliance Industries had in 2009 announced bonus shares in the 1:1 ratio, with the stock turning ex-date on November 26 that year. The 1997 bonus issue too was declared in the 1:1 ratio. The 1983 bonus shares were offered in the 6:10 ratio and 1980 in…

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