₹102 to ₹8370: Multibagger stock turns ₹1 lakh to ₹82 lakh in 9 years

Multibagger stock: If an investor had invested ₹1 lakh in Tata Elxsi shares 5 years ago, its ₹1 lakh would have turned to ₹9.60 lakh today.

Multibagger stock: In YTD time Tata Elxsi shares have given 42 per cent return whereas IT majors Infosys, TCS and Wipro have given zero return in 2022

Multibagger stock:  

Despite reeling under the slowdown and inflation concerns, some quality stocks have given stellar return to its shareholders. Tata Elxsi share are one such stock. When most of the IT stocks have received heavy beating, this Tata group IT stock has delivered 42 per cent YTD return. However, this is not the first time when Tata Elxsi share price has given whopping return to its shareholders. It is one of the multibagger stocks in India that has been giving stellar return to its shareholders for long. In last 9 years, this multibagger stock has surged from ₹102 to ₹8370 apiece levels, delivering around 8100 per cent return to its positional shareholders.

Tata Elxsi share price history

In last one month, this large-cap stock has surged from ₹7788 to ₹8370 apiece levels, recording near 7.50 per cent rise in this time. In ,last 6 months, this multibagger Tata group stock has risen from around ₹7040 to ₹8370 levels, logging near 19 per cent return in this period. In year-to-date (YTD) time, Tata Elxsi share price has ascended from ₹5890 to ₹8370 apiece levels, clocking around 42 per cent rise in 2022. In last one year, this IT stock has appreciated from around 4250 to ₹8370 levels, logging around 95 per cent rise in this time horizon.

Likewise, in last 5 years, this multibagger stock has shot up from around ₹875 to ₹8370 per share levels, clocking near 860 per cent jump in this time frame. However, in last 9 years, this stock has ascended from ₹102 to ₹8370 levels on NSE, registering near 8100 

per cent appreciation in this period.

Impact on investment

Taking cue from Tata Elxsi share price history, if an investor had invested ₹1 lakh in this stock one month ago, its ₹1 lakh would have turned to ₹1.075 lakh today whereas it would have turned to ₹1.19 lakh in 6 months. In YTD time, this ₹1 lakh would have tuned to ₹1.42 lakh today. If an investor had invested ₹1 lakh in this multibagger stock one year ago and had remained invested in it throughout this last one year, its ₹1 lakh would have become ₹1.95 lakh today.

Likewise, if an investor had invested ₹1 lakh in Tata Elxsi shares 5 years ago, its ₹1 lakh would have turned to ₹9.60 lakh today. Similarly, if an investor had invested ₹1 lakh in this multibagger stock 9 years ago, its ₹1 lakh would have turned to ₹82 lakh today. 

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Listed in June 2022, this stock has risen 54% from its issue price

                                        Aether Industries IPO was open from May 24-26

 Adding on to the strong performance of the stock, brokerage house HDFC Securities initiated coverage on the stock with a 'buy' call. The brokerage has a target price of ₹1,045 for the stock.]

Shares of Aether Industries have given robust returns to its investors since listing From June 3, (it's listing day), the stock has risen 41 percent till date. The stock listed at a premium to its issue price and was locked in a 10-percent upper circuit throughout the day, the only stock to do so on a listing day in 2022.

From June 3, (it's listing day), the stock has risen 41 percent till date. The stock listed at a premium to its issue price and was locked in a 10-percent upper circuit throughout the day, the only stock to do so on a listing day in 2022.

The ₹808-crore IPO of the company was subscribed 6.26 times during its public offer. Aether Industries Limited manufactures and sells advanced intermediates and specialty chemicals in India and internationally. It is focused on producing advanced intermediates involving complex and differentiated chemistry and technology core competencies. It serves pharmaceutical, agrochemical, material science, coating, high-performance photography, additive, and oil and gas industries.

Adding on to the strong performance of the stock, brokerage house HDFC Securities initiated coverage on the stock with a 'buy' call. The brokerage has a target price of ₹1,045 for the stock. This indicates a 62 percent potential upside from its issue price of ₹642 and a 6 percent upside from the current levels.

As per the brokerage, Aether is more than doubling its manufacturing capacity by 2023-end. Augmentation of capacity will not only allow it to fulfill the demand of the existing and potential customers for existing products but also provide an opportunity to launch new products, HDFC pointed out.

Business Model 

"Aether Industries Ltd has a technology-oriented business model and it sells innovations in chemistries and technologies. Competencies in eight chemistries and eight technologies have enabled the company to successfully build all three of its business verticals—large-scale manufacturing, contract manufacturing and contract research and manufacturing services (CRAMS)—in less than six years of operation," the brokerage said in its report.

The brokerage further highlighted that Aether’s business model compels it to regularly launch products and add competencies. Moreover, the firm is tripling its research and development (R&D) infrastructure and strengthening its team size which will support its growth pace, said HDFC.

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HDFC inches up on planning to raise up to Rs 2,000 crore

Housing Development Finance Corporation is currently trading at Rs. 2573.90, up by 13.10 points or 0.51% from its previous closing of Rs. 2560.80 on the BSE.

The scrip opened at Rs. 2573.00 and has touched a high and low of Rs. 2581.85 and Rs. 2567.00 respectively. So far 4191 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2895.35 on 16-Feb-2021 and a 52 week low of Rs. 1623.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 2635.00 and Rs. 2536.00 respectively. The current market cap of the company is Rs. 462385.25 crore.

The Institutions and Non-Institutions held 88.91% and 10.88% stake respectively in the company.

Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 2,000 crore by issuing debt securities on a private placement basis to augment its long-term resources. The secured redeemable non-convertible debentures for an issue size of Rs 2,000 crore will be open for bid on June 14, 2021 and closes on the same day.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.

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Pfizer inches up on partnering with 'Doctors For You' to create 400 oxygen bed capacity at Delhi

Pfizer is currently trading at Rs. 5199.15, up by 2.35 points or 0.05% from its previous closing of Rs. 5196.80 on the BSE.

The scrip opened at Rs. 5216.95 and has touched a high and low of Rs. 5216.95 and Rs. 5182.30 respectively. So far 697 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5875.00 on 10-Nov-2020 and a 52 week low of Rs. 3958.80 on 01-Jul-2020.

Last one week high and low of the scrip stood at Rs. 5233.35 and Rs. 5124.00 respectively. The current market cap of the company is Rs. 23812.38 crore.

The promoters holding in the company stood at 63.92%, while Institutions and Non-Institutions held 16.52% and 19.55% respectively.

Pfizer has partnered with the non-governmental organization, Doctors For You, to help create 400 oxygen bed capacity at Delhi's Yamuna COVID care center. With a grant of Rs 4.5 crore from Pfizer, Doctors For You has procured and deployed 400 high-quality beds with oxygen support and other medically necessary equipment and services of medical and paramedical staff services to maintain the operations at the facility. 10 percent of these beds have been set up to specifically meet the requirements of COVID-19 pediatric patients.

Pfizer has produced innovative breakthroughs in a wide range of research areas, including depression, erectile dysfunction, high cholesterol, HIV infection, hypertension, bacterial infections and systemic fungal infections.

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M&M rides high after its step-down arm incorporates wholly owned Subsidiary

Mahindra & Mahindra is currently trading at Rs. 791.40, up by 10.20 points or 1.31% from its previous closing of Rs. 781.20 on the BSE.

The scrip opened at Rs. 785.00 and has touched a high and low of Rs. 791.75 and Rs. 776.95 respectively. So far 49864 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 952.15 on 08-Feb-2021 and a 52 week low of Rs. 291.05 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 809.60 and Rs. 769.70 respectively. The current market cap of the company is Rs. 98131.40 crore.

The promoters holding in the company stood at 19.44%, while Institutions and Non-Institutions held 66.14% and 14.17% respectively.

Mahindra & Mahindra’s (M&M) step down subsidiary -- Mahindra Susten (MSPL) has incorporated a wholly owned Subsidiary namely ‘Mahindra Solarize’ on April 06, 2021. MSPL has incorporated Mahindra Solarize to mainly undertake business for Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, solar water pump and other Renewable Energy industry based products including Engineering Procurement & Construction (EPC). Mahindra Susten is a wholly owned subsidiary of Mahindra Holdings, which is a wholly owned subsidiary of M&M.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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IDFC First Bank zooms on raising Rs 3,000 crore

IDFC First Bank is currently trading at Rs. 56.70, up by 1.40 points or 2.53% from its previous closing of Rs. 55.30 on the BSE.

The scrip opened at Rs. 55.30 and has touched a high and low of Rs. 56.95 and Rs. 55.05 respectively. So far 1242051 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.30 on 04-Mar-2021 and a 52 week low of Rs. 18.50 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 57.80 and Rs. 53.75 respectively. The current market cap of the company is Rs. 35179.06 crore.

The promoters holding in the company stood at 40.00%, while Institutions and Non-Institutions held 27.51% and 32.49% respectively.

IDFC First Bank’s Capital Raising Committee has approved the issue and allotment of 52,31,03,660 Equity Shares of face value of Rs 10 each to qualified institutional buyers at an issue price of Rs 57.35 per Equity Share (including a premium of Rs 47.35 per Equity Share), aggregating to Rs 3,000 crore pursuant to the Issue.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Bank stands increased to Rs 6198,95,35,150 consisting of 619,89,53,515 Equity Shares. The Capital Raising Committee at its meeting held on April 06, 2021, has approved the issue and allotment of the same.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

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RBL Bank jumps on logging 26% growth in deposits during Q4FY21

RBL Bank is currently trading at Rs. 209.70, up by 3.35 points or 1.62% from its previous closing of Rs. 206.35 on the BSE.

The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 213.30 and Rs. 206.70 respectively. So far 686967 shares were traded on the counter

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 101.60 on 22-Apr-2020.

Last one week high and low of the scrip stood at Rs. 217.10 and Rs. 203.10 respectively. The current market cap of the company is Rs. 12528.53 crore.

The Institutions and Non-Institutions holding in the company stood at 59.84% and 40.16% respectively.

RBL Bank has recorded Gross Advances (provisional) of Rs 60,012 crore in the fourth quarter ending March 2021 (Q4FY21) period, registering a 2% rise from advances of Rs 58,966 crore in the corresponding period of the previous year. The bank witnessed total deposits (provisional) of Rs 73,123 crore in Q4FY21 rising by 26% from Rs 57,812 crore a year ago same period. The bank's CASA stood at Rs 23,264 crore in Q4FY21 increasing by 36% Year on Year (YoY). While the CASA ratio was at 31.8% in Q4FY21 versus 29.6% in Q4FY20.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.

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Entertainment stocks tumble as Maharashtra govt shuts cinema halls

Entertainment stocks were trading lower as Maharashtra government ordered shutting down cinema halls, theatres and multiplexes for public access until further notice to bring the spread of Covid-19 under control. 

PVR is currently trading at Rs. 1138.45, down by 98.35 points or 7.95% from its previous closing of Rs. 1236.80 on the BSE. The scrip opened at Rs. 1179.00 and has touched a high and low of Rs. 1195.50 and Rs. 1138.40 respectively. So far 82714 shares were traded on the counter.

Inox Leisure is currently trading at Rs. 263.25, down by 15.80 points or 5.66% from its previous closing of Rs. 279.05 on the BSE. The scrip opened at Rs. 256.60 and has touched a high and low of Rs. 270.65 and Rs. 256.60 respectively. So far 92097 shares were traded on the counter.

Zee Entertainment Enterprises is currently trading at Rs. 198.60, down by 10.60 points or 5.07% from its previous closing of Rs. 209.20 on the BSE. The scrip opened at Rs. 209.40 and has touched a high and low of Rs. 209.40 and Rs. 195.70 respectively. So far 328453 shares were traded on the counter.

The Maharashtra government on Sunday decided to impose a complete lockdown on weekends and a night curfew in the state to control the spread of the novel coronavirus. The curbs will come into effect from Monday night. They were announced as Mumbai recorded over 11,000 Covid cases. The state posted over 57,000 cases on Sunday -- the highest so far.

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IRCTC declines after suspending services of Ahmedabad Mumbai-Ahmedabad Tejas Express

Indian Railway Catering & Tourism Corporation is currently trading at Rs. 1685.00, down by 66.95 points or 3.82% from its previous closing of Rs. 1751.95 on the BSE.

The scrip opened at Rs. 1727.00 and has touched a high and low of Rs. 1734.50 and Rs. 1677.55 respectively. So far 138083 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2072.95 on 09-Mar-2021 and a 52 week low of Rs. 1083.05 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 1778.85 and Rs. 1677.55 respectively. The current market cap of the company is Rs. 27136.80 crore.

The promoters holding in the company stood at 67.40%, while Institutions and Non-Institutions held 16.05% and 16.55% respectively.

The Indian Railway Catering and Tourism Corporation (IRCTC) has temporarily suspended services of Ahmedabad Mumbai-Ahmedabad Tejas Express for a period of one month with effect from April 02, 2021. The situation will be monitored continuously and decision to operate the train will be taken accordingly. Due to rising of corona cases in Maharashtra and Gujarat, the company has temporarily suspended services.

IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.

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Vedanta rises as its arm to set up copper smelter plant in India

Vedanta is currently trading at Rs. 230.50, up by 1.85 points or 0.81% from its previous closing of Rs. 228.65 on the BSE.

The scrip opened at Rs. 229.90 and has touched a high and low of Rs. 231.05 and Rs. 228.75 respectively. So far 2685247 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 231.05 on 01-Apr-2021 and a 52 week low of Rs. 62.40 on 01-Apr-2020.

Last one week high and low of the scrip stood at Rs. 231.05 and Rs. 221.75 respectively. The current market cap of the company is Rs. 85551.23 crore.

The promoters holding in the company stood at 55.11%, while Institutions and Non-Institutions held 29.26% and 11.41% respectively.

Vedanta’s subsidiary -- Vedanta Resources has called for Expression of Interest (EoI) from state governments for the 500 KTPA (Kilo Tonnes Per Annum) coastal copper smelter plant. The copper smelter of 500 KTPA will require footprint of around 1,000 acres in proximity to port along with logistics connectivity with conveyor/corridor of rail and road to handle 5 mtpa material movement on both in-bound and out-bound side.

As per the EoI document issued, the project has an investment potential of about Rs 10,000 crore that will provide direct and indirect employment to 10,000 people and will contribute around Rs 3,000 crore to the exchequer annually.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

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Adani Enterprises spurts on incorporating wholly-owned subsidiary

Adani Enterprises is currently trading at Rs. 1052.60, up by 21.75 points or 2.11% from its previous closing of Rs. 1030.85 on the BSE.

The scrip opened at Rs. 1044.00 and has touched a high and low of Rs. 1054.00 and Rs. 1034.95 respectively. So far 75128 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1093.00 on 24-Mar-2021 and a 52 week low of Rs. 127.40 on 06-May-2020.

Last one week high and low of the scrip stood at Rs. 1054.00 and Rs. 979.00 respectively. The current market cap of the company is Rs. 114479.23 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.50% and 3.59% respectively.

Adani Enterprises has incorporated a wholly-owned subsidiary namely, Vizag Tech Park (VTPL) on March 30, 2021. VTPL is incorporated with the object to develop and establish an Integrated Data Center Park and Technology/ Business park. 

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

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Minda Industries surges on getting nod to set up world class lighting manufacturing plant at Gujarat

Minda Industries is currently trading at Rs. 553.50, up by 11.85 points or 2.19% from its previous closing of Rs. 541.65 on the BSE.

The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 563.60 and Rs. 546.50 respectively. So far 2350 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 612.35 on 11-Feb-2021 and a 52 week low of Rs. 218.90 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 591.80 and Rs. 517.00 respectively. The current market cap of the company is Rs. 14896.25 crore.

The promoters holding in the company stood at 70.88%, while Institutions and Non-Institutions held 19.84% and 9.27% respectively.

Minda Industries’ board has approved setting up world class lighting manufacturing plant at Bhagapura, Gujarat to cater to increased demand for 4W automotive Lighting. The business has existing manufacturing facilities at Pune, Chennai and Manesar. The new plant will be in vicinity of key OEM’s hence will also achieve better logistic management. The plant will have state of art manufacturing facilities with unidirectional flow of material, robotic automation for unloading, motorized conveyor system which will result in better operational efficiencies.

The company had augmented its technical capabilities with acquisition of Delvis last year. The company also plans to tap potential export business in Europe and America in future from this plant. Total capital expenditure for this new facility in Gujarat is Rs 90 crore which will be funded through mix of debt and internal accruals. The plant is expected to commence operations by quarter ending March 2022 and will stabilize in subsequent couple of quarters.

Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.

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Maruti Suzuki gains on the BSE

Maruti Suzuki India is currently trading at Rs. 7209.60, up by 106.40 points or 1.50% from its previous closing of Rs. 7103.20 on the BSE.

The scrip opened at Rs. 7130.00 and has touched a high and low of Rs. 7223.00 and Rs. 7130.00 respectively. So far 15783 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 8400.00 on 13-Jan-2021 and a 52 week low of Rs. 4002.00 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 7240.00 and Rs. 6906.05 respectively. The current market cap of the company is Rs. 217742.33 crore.

The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 38.75% and 4.88% respectively.

Maruti Suzuki India is going to increase the prices of vehicles in April 2021. This price increase shall vary for different models. Over the past year the cost of company's vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in April, 2021.

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services. 

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Sonata Software rises on planning to tap customer experience market to fuel growth

Sonata Software is currently trading at Rs. 470.10, up by 2.90 points or 0.62% from its previous closing of Rs. 467.20 on the BSE.

The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 475.60 and Rs. 457.50 respectively. So far 17900 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 539.00 on 16-Mar-2021 and a 52 week low of Rs. 148.10 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 539.00 and Rs. 452.20 respectively. The current market cap of the company is Rs. 4926.71 crore.

The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 26.30% and 45.53% respectively.

Sonata Software is planning to tap the Customer Experience (CX) market to fuel growth with the launch of ‘Cxe’, its unique enhanced integrated CX management solutions developed using the ‘Platformation’ approach, Sonata’s highly acclaimed framework for digital transformation. ‘CXe’ is a compelling offering from Sonata designed for clients across the globe looking for holistic end-to-end CX solutions in the post-pandemic new normal.

The global impact of the pandemic has been unprecedented, with the CX market witnessing a major upturn across all regions. The market is projected to grow from $9.26 billion in 2020 to $21.86 billion in 2027 at a CAGR of 13.0% in the 2020 to 2027 period.

Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.

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Britannia Industries surges on raising Rs 700 crore through Commercial Papers

Britannia Industries is currently trading at Rs. 3507.55, up by 41.40 points or 1.19% from its previous closing of Rs. 3466.15 on the BSE.

The scrip opened at Rs. 3464.70 and has touched a high and low of Rs. 3526.00 and Rs. 3460.00 respectively. So far 12072 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4015.00 on 21-Jul-2020 and a 52 week low of Rs. 2100.55 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3526.00 and Rs. 3380.00 respectively. The current market cap of the company is Rs. 84365.33 crore.

The promoters holding in the company stood at 50.55%, while Institutions and Non-Institutions held 28.32% and 21.14% respectively.

Britannia Industries has raised Rs 700 crore through Commercial Papers on March 19, 2021. Earlier, in September 29, 2020, company had raised Rs 200 crore through Commercial Papers.

Britannia Industries, one of the India’s biggest brands of the country. More-than-a-century old Britannia has launched big brands in FMCG Segment.

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Reliance Industries rises after its arm makes upfront payments to telecom department

Reliance Industries is currently trading at Rs. 2024.55, up by 15.05 points or 0.75% from its previous closing of Rs. 2009.50 on the BSE.

The scrip opened at Rs. 1988.30 and has touched a high and low of Rs. 2029.00 and Rs. 1981.20 respectively. So far 306113 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. 867.82 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2148.80 and Rs. 1981.20 respectively. The current market cap of the company is Rs. 1367898.90 crore.

The promoters holding in the company stood at 50.54%, while Institutions and Non-Institutions held 38.28% and 11.19% respectively.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has made upfront payments to the telecom department for the spectrum bought in the just-ended auctions. The company has made an upfront payment of about Rs 15,019 crore. The auctions held earlier this month raked-in winning bids of over Rs 77,800 crore for 855.6 MHz of spectrum. Reliance Jio spent the most in the auction, picking up 488.35 MHz spectrum in bands such as 800 MHz, 1800 MHz and 2300 MHz for over Rs 57,100 crore.

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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