Reliance Industries moves up as its arm signs agreement to set up 5G lab in Bhubaneswar
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Reliance Industries is currently trading at Rs. 2538.45, up by 24.95 points or 0.99% from its previous closing of Rs. 2513.50 on the BSE.
The scrip opened at Rs. 2529.00 and has touched a high and low of Rs. 2547.50 and Rs. 2524.00 respectively. So far 19030 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. 2181.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 2580.00 and Rs. 2504.25 respectively. The current market cap of the company is Rs. 1718562.48 crore.
The promoters holding in the company stood at 50.57%, while Institutions and Non-Institutions held 38.65% and 10.78% respectively.
Reliance Industries’ subsidiary -- Jio Platforms has signed an agreement with SOA University to set up a 5G lab in Bhubaneswar. The proposed lab will help in meeting the growing requirements of research and training in the latest 5G standards, including 5G standalone (SA). The Memorandum of Understanding also includes facilitation for the development of use-cases on the 5G platform as well as other associated technology domains such as Beyond 5G (B5G) and optical fiber.
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.
