Stocks: Reliance Capital

Reliance Capital
BSE: 500111
NSE: 908.25
Volume: 3036810
After the Mukesh Ambanicontrolled Reliance Industries declared a bonus, now our sources suggest that Reliance Capital, controlled by Anil Ambani, may soon announce one too. Our sources further claim that the counter will surge in the corning days as this bonus will be well- appreciated by the inves • tars. However, a point to be noted is that the • Reliance Industries’ bonus announcement did not really enthuse the investots to the level expected and so one cannot be sure of what response Reliance Capital will fetch from them. But do expect some wild movement on either side. If you wish play on the counter go for a straddle strategy on F&O.