True to its stance that emotions do not have any role in dictating terms, the bourses seem to have broadly enjoyed the split of the Ambani brothers with shares of group companies, except Reliance Energy, climbing rapidly between June 20 and today.
The markets on Wednesday saw Mukesh's Reliance and Reliance Industrial Infrastructure touching a 52-week high, implying that the shares commanded highest price during the intra-day trading.
RIL registered over 13 per cent rise in share price at Rs 713.7 on Wednesday from as low as Rs 630.4 on June 20, the first trading day after the June 18 settlement of ownership issues.
In today's intra-day trading, RIL scrips ticked a high of Rs 760 a share. It is to be noted that closing price of RIL on June 20 and Wednesday were substantially higher than offer price of Rs 570 for buyback that closed on Tuesday.
Another Mukesh-controlled entity IPCL also saw its prices appreciating by about 16 per cent to Rs 199.15 as compared to Rs 167.6 recorded on June 20.
IPCL's closing price of today stands close to its weighted average price of Rs 199 and it had ticked the highest ever of Rs 221.35 on October 11, 2004.
Reliance Industrial Infrastructure rose about 22 per cent to Rs 177.25 on Wednesday from Rs 145.6 on June 20. The share on Wednesday had commanded highest price at Rs 188.5.
Anil-controlled Reliance Energy, on the other hand, saw about four per cent decline in the share price between June 20 and on Wednesday. The share closed at Rs 632.15 on Wednesday as compared to Rs 658.25 on June 20. Both the prices were higher than the Rs 573 offer price for the preferential issue.
The shares of Reliance Capital, which has gobbled up life insurance company AMP Sanmar, witnessed about 50 per cent rise between June 20 and Wednesday.
The share price rose from Rs 294.2 on June to Rs 440.3 on Wednesday, again much higher than the preferential issue price of Rs 227 a share. Reliance Capital had hit 52-week high of Rs 475 a share on Tuesday.
Reliance Capital, which is already into mutual funds and general insurance, is aiming to become one of the country's top three financial service providers.
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