Reliance Industries trades marginally higher as its arm completes 5G coverage planning in top 1,000 cities
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Reliance Industries is currently trading at Rs. 2569.75, up by 2.95 points or 0.11% from its previous closing of Rs. 2566.80 on the BSE.
The scrip opened at Rs. 2572.00 and has touched a high and low of Rs. 2589.95 and Rs. 2561.00 respectively. So far 25763 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. 2065.80 on 09-Aug-2021.
Last one week high and low of the scrip stood at Rs. 2617.65 and Rs. 2527.50 respectively. The current market cap of the company is Rs. 1738251.52 crore.
The promoters holding in the company stood at 50.62%, while Institutions and Non-Institutions held 38.74% and 10.64% respectively.
Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has taken major steps during 2021-22 in getting ready for 5G with its 100 per cent indigenous technology. Jio has completed 5G coverage planning in top 1,000 cities and conducted field trials of its home-grown 5G telecom gears. The company was the biggest bidder in the recently-concluded 5G spectrum auction.
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.
