Reliance Jio Adds 3.9 million Subscribers in April; Reliance Industries Shares Rise 3 Percent
DSIJ Intelligence / 14 Jun 2017
Reliance Infocomm which operates Reliance Jio added 3.9 million subscribers in April and as a result Reliance Industries on Wednesday’s trading session rallied 3%.
Reliance Infocomm which operates Reliance Jio added 3.9 million subscribers in April and as a result Reliance Industries on Wednesday’s trading session rallied 3%.
Reliance Industries Limited (RIL) is an Indian conglomerate holding company headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India and is engaged in energy, textiles, natural resources,petrochemicals, retail and telecommunications.
Inspite of the end of its free 4G service offer, Reliance Jio maintained its lead in terms of customer acquisition. The company accounted for about 87% of total new mobile customer additions in April.
The stock on the NSE has delivered 37% in a period of one year and has outperformed the BSE Sensex and BSE Oil & Gas over the same time period.