Street signs: RIL rises on Jio success, dividend hope

Reliance Industries (RIL) has shrugged off the negative impact of the market regulator’s order on unfair trade practices, which directed the firm to pay Rs 447 crore with an annual interest of 12 per cent on March 24. After the initial hiccup last Monday, the stock has gained around six per cent to close at Rs 1,320 on Friday. Market players are expecting a hefty dividend and even a bonus in the next two quarters. “While there is a sense of relief in the market on Jio’s success, there are strong expectations that RIL would reward shareholders soon,” said a