Reliance Industries jumps as its arm partners with udaan for pan-India distribution of Campa beverages
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Reliance Industries is currently trading at Rs. 2408.00, up by 30.50 points or 1.28% from its previous closing of Rs. 2377.50 on the BSE.
The scrip opened at Rs. 2379.85 and has touched a high and low of Rs. 2416.00 and Rs. 2379.80 respectively. So far 270545 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-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. 2416.00 and Rs. 2348.70 respectively. The current market cap of the company is Rs. 1629346.71 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 B2B e-commerce company udaan for pan-India distribution of beverage brand Campa's range of products. RCPL's range of Campa beverages will be initially available in over 50,000 retailers and kirana stores, which will gradually expand to over 1 lakh retailers and kirana stores in the next two months.
Under this partnership, RCPL has made available three new Campa flavours -- Cola, Orange, and Clear Lime -- under various consumption ranges and price points. To create awareness about the availability of the Campa range on the platform, udaan will work on various retailer promotions to drive expansion and increase the buyer base on the platform.
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.
