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Reliance Industries trades higher on the BSE

Reliance Industries is currently trading at Rs. 1360.00, up by 34.25 points or 2.58% from its previous closing of Rs. 1325.75 on the BSE.

The scrip opened at Rs. 1328.00 and has touched a high and low of Rs. 1366.00 and Rs. 1322.55 respectively. So far 330989 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1417.00 on 03-May-2019 and a 52 week low of Rs. 1017.00 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1366.00 and Rs. 1293.15 respectively. The current market cap of the company is Rs. 861807.03 crore.

The promoters holding in the company stood at 47.29%, while Institutions and Non-Institutions held 36.30% and 16.42% respectively.

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) is going to charge 6 paise per minute (p/min) for voice calls made by its users to mobile phones networks of rivals like Airtel and Vodafone-Idea after indications that call connect charge may not end by the previously mooted deadline of December 31.

The charge would last till such time that regulations require payments to rival networks for completing calls but it will compensate the users by giving free data of equivalent amount.

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.