Reliance Industries inches up after its arm enters into partnership with Xiaomi India

Reliance Industries is currently trading at Rs. 2546.00, up by 0.95 points or 0.04% from its previous closing of Rs. 2545.05 on the BSE.

Reliance Industries
Reliance Industries

The scrip opened at Rs. 2535.90 and has touched a high and low of Rs. 2548.00 and Rs. 2521.25 respectively. So far 141699 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. 2606.65 and Rs. 2493.00 respectively. The current market cap of the company is Rs. 1718393.33 crore.

The promoters holding in the company stood at 50.57%, while Institutions and Non-Institutions held 38.65% and 10.78% respectively.

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has entered into partnership with Xiaomi India to offer a ‘True 5G’ experience to all Xiaomi 5G smartphone consumers. With seamless True 5G connectivity, it will enable Xiaomi and Redmi smartphone users to stream uninterrupted videos, enjoy high-resolution video calls, and play low-latency games on their devices.

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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