Wednesday , 22 March 2023
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Reliance Industries gains after its arm launches True 5G services across 27 cities

Reliance Industries is currently trading at Rs. 2415.00, up by 7.20 points or 0.30% from its previous closing of Rs. 2407.80 on the BSE.

The scrip opened at Rs. 2401.20 and has touched a high and low of Rs. 2418.80 and Rs. 2386.45 respectively. So far 81696 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 2424.50 and Rs. 2321.70 respectively. The current market cap of the company is Rs. 1627898.16 crore.

The promoters holding in the company stood at 50.49%, while Institutions and Non-Institutions held 38.90% and 10.61% respectively.

Reliance Industries’ subsidiary — Reliance Jio Infocomm has launched its True 5G services in 27 cities across the country. With this launch, Jio becomes the first telecom operator to bring the next-generation True 5G technology to most of these cities, setting the stage for a new era of digital transformation.

The technological advantages of high-speed internet, low-latency, standalone True 5G services shall be made available to the people and businesses of these cities. Jio True 5G offers lightning-fast speeds of up to 1 Gbps, enabling seamless streaming of high-definition content, immersive and interactive viewing, and cloud gaming. The technology also promises to enhance the capabilities of emerging technologies like the Internet of Things (IoT), Augmented Reality (AR), and Virtual Reality (VR), paving the way for innovative applications in nation-building areas like healthcare, education, and agriculture.

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.