Reliance Industries jumps after its arm launches True 5G services in Himachal Pradesh

Reliance Industries is currently trading at Rs. 2420.35, up by 42.95 points or 1.81% from its previous closing of Rs. 2377.40 on the BSE.

google pays rs 33737 crore for 7 73 stake in reliance industries arm
Reliance Industries

The scrip opened at Rs. 2387.80 and has touched a high and low of Rs. 2429.00 and Rs. 2375.00 respectively. So far 212755 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. 2429.00 and Rs. 2314.05 respectively. The current market cap of the company is Rs. 1641328.66 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’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has launched its Jio True 5G services in Himachal Pradesh from Shimla. In addition to Shimla, the Jio True 5G services were simultaneously launched in Hamirpur, Nadaun and Bilaspur in the state of Himanchal Pradesh. The transformational benefits of Jio True 5G and the application of this immersive technology in the fields of healthcare, education, and other key sectors of importance for India was demonstrated at the launch event.

A glimpse of the generational advancement that will be seen in these areas were showcased through the Jio Community Clinic medical kit, and the revolutionary AR-VR device – Jio Glass. Reliance Jio additionally announced the launch of its True 5G services across 17 cities namely Ankleshwar, Savarkundla (Gujarat), Bilaspur, Hamirpur, Nadaun, Shimla (Himachal Pradesh), Chhindwara, Ratlam, Rewa, Sagar (Madhya Pradesh), Akola, Parbhani (Maharashtra), Bathinda, Khanna, Mandi Gobindgarh (Punjab), Bhilwara, Sri Ganganagar, Sikar (Rajasthan), Haldwani-Kathgodam, Rishikesh, Rudrapur (Uttarakhand) taking the total count of cities enjoying Jio True 5G to 257.

Reliance Jio has become the first and the only operator to launch 5G services in majority of these cities and is grateful to the State Governments and administration for their continued support. Starting February 14, 2023, Jio users in these cities will be invited to the Jio Welcome Offer, to experience Unlimited Data at up to 1 Gbps+ speeds, at no additional cost.

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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