Reliance Industries rises as its arm expanding business into affordable toy segment through Rowan brand
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Reliance Industries is currently trading at Rs. 2445.60, up by 3.75 points or 0.15% from its previous closing of Rs. 2441.85 on the BSE.
The scrip opened at Rs. 2456.00 and has touched a high and low of Rs. 2468.00 and Rs. 2442.40 respectively. So far 80155 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. 2519.00 and Rs. 2437.55 respectively. The current market cap of the company is Rs. 1655977.03 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 company -- Reliance Retail is expanding its business into the fast-growing toy sector through its brand Rowan to operate in the affordable segment with a smaller shop size. The company was running its toy distribution business through Rowan. It has now brought this homegrown brand to the front end by opening its first EBO (exclusive brand outlet) at Gurugram in NCR in the last quarter with a store size of 1,400 sq feet. The unit value of toys will be much lower at Rowan stores, and the discounts offered will be higher. Hence, products will be more affordable.
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.
