Reliance Industries trading at a multi-year high
DSIJ Intelligence / 22 Feb 2017
The share price of Reliance Industries increased 7.19 per cent in early trade, and is trading at Rs 1166.55 on an intraday basis. The share price of the company has hit its highest level since May 2009.
The share price of Reliance Industries increased 7.19 per cent in early trade, and is trading at Rs 1166.55 on an intraday basis. The share price of the company has hit its highest level since May 2009. It is contributing 134 points to BSE Sensex’s gain of 64 points.
Reliance Industries has ended the free data plan for Jio customers, effective April 1, 2017. However voice calls will continue to be free post March 31, 2017.
Meanwhile, the company has forayed into new vertical which will start yielding top line from FY18. It will start prime membership for existing customers. Reliance Industries will start tariff plans for the customers.
Reliance Industries’ Jio has crossed the 100 million subscriber mark in 170 days. Its subscribers will have to pay Rs 303 every month for the next one year and will get 1 GB of data every day, which is a much higher quantum and far cheaper than any of the offers of incumbent operators. Suppose, all the 100 million subscribers opt for Prime membership, then Jio would have matched the quarterly revenues of Idea Cellular at Rs 8608 crore in Q3FY17.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.