Reliance Industries gains as its arm inks pact with General Mills
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Reliance Industries is currently trading at Rs. 2521.25, up by 14.70 points or 0.59% from its previous closing of Rs. 2506.55 on the BSE.
The scrip opened at Rs. 2519.00 and has touched a high and low of Rs. 2530.00 and Rs. 2506.95 respectively. So far 99462 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2816.35 on 03-Jun-2022 and a 52 week low of Rs. 2180.00 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2530.00 and Rs. 2415.70 respectively. The current market cap of the company is Rs. 1704382.86 crore.
The promoters holding in the company stood at 50.41%, while Institutions and Non-Institutions held 38.70% and 10.88% respectively.
Reliance Industries’ step down arm -- Reliance Consumer Products (RCPL) has partnered with General Mills, a leading US-based multinational manufacturer of branded processed consumer foods, entering into the fast-growing snacks segment as per its ambition into the FMCG segment.
RCPL has forayed into the western snacks category with the launch of Alan's Bugles in the Indian market. Under the brand Alan's Bugles, RCPL will offer a top-notch snacking experience, which will be available at pocket-friendly price points starting from Rs 10 in flavours such as Original (Salted), Tomato and Cheese. RCPL will launch Alan’s Bugles in Kerala and will be gradually expanded across India.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
