Reliance Life Insurance's Shares Open on Upper Limit with Huge Buying Pressure

Reliance Life Insurance's shares opened today at the upper limit price of Rs. 322. As of writing, 6 trades of 10 units each have happened. The LTP stands at Rs. 328 per share.

While there are buy orders for a total of 19,91,607 shares, no sell orders are seen. This shows that while buyers are pressurizing the shareholders to sell by increasing the bid price, shareholders are equally stubborn and think that the stock is worth more than the price offered. It will be interesting to see how the action unfolds in the upcoming days.