Published on 12/07/2017 12:52:20 PM | Source: Dion Global Solutions Ltd.

Reliance Industries Ltd hits 9-year high as Jio announces new plans

Shares of Reliance Industries soared nearly 2 per cent, hitting 52-week high, on the Bombay stock Exchange after its telecom subsidiary Reliance Jio announced new tariff plan for its Jio Prime Members under which they can enjoy unlimited services for three months with Rs 399 plan. The earlier launched Rs 309 plan will provide 2 months of unlimited Jio services. Cheering the news, shares of the company gained as much as 1.95per cent to hit 9-year high of Rs 1524.50 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 1505.05 against previous close price of Rs 1495.20. In a similar fashion, shares of the company were trading 0.69 per cent higher at Rs 1,504.65 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,754.45, up by 7.35 points, or 0.01 per cent, at 11:55 hours.