Reliance Industries rises after its arm launches new entry level broadband plan
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Reliance Industries is currently trading at Rs. 2243.50, up by 6.00 points or 0.27% from its previous closing of Rs. 2237.50 on the BSE.
The scrip opened at Rs. 2241.25 and has touched a high and low of Rs. 2256.00 and Rs. 2237.50 respectively. So far 74901 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. 2291.30 and Rs. 2198.00 respectively. The current market cap of the company is Rs. 1524671.62 crore.
The promoters holding in the company stood at 50.49%, while Institutions and Non-Institutions held 38.90% and 10.61% respectively.
Reliance Industries’ subsidiary -- Reliance Jio Infocomm (Jio) has launched its entry level broadband plan at a price as low as Rs 198 per month. The plan, named Broadband Back-up plan, will come with top internet speed of 10 megabit per second (mbps).
Earlier, the minimum price for availing Jio Fiber connection was Rs 399 per month. The company has also provided an option to upgrade the internet speed to 30 mbps or 100 for 1 to 7 days by paying in the range of Rs 21 to Rs 152.
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.
