Reliance Industries is currently trading at Rs. 2217.00, up by 41.50 points or 1.91% from its previous closing of Rs. 2175.50 on the BSE.
The scrip opened at Rs. 2192.00 and has touched a high and low of Rs. 2217.95 and Rs. 2156.00 respectively. So far 140661 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 2304.20 and Rs. 2156.00 respectively. The current market cap of the company is Rs. 1493226.96 crore.
The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.
Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) is planning to launch a 5G smartphone for less than Rs 5,000 and gradually reduce the price to Rs 2,500-3,000 a unit when it scales up the operation. The company will target 20-30 crore mobile phone users who use 2G connection at present. At present, 5G smartphones are available in India in the price range starting from Rs 27,000.
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.
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