Reliance Industries rises as its arm launches premium fashion and lifestyle store brand ‘AZORTE’

Reliance Industries is currently trading at Rs. 2360.10, up by 34.80 points or 1.50% from its previous closing of Rs. 2325.30 on the BSE.

Reliance Industries
Reliance Industries

The scrip opened at Rs. 2318.00 and has touched a high and low of Rs. 2362.00 and Rs. 2315.00 respectively. So far 75207 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. 2425.75 and Rs. 2313.55 respectively. The current market cap of the company is Rs. 1593662.23 crore.

Reliance Industries promoters holding in the company stood at 50.62%, while Institutions and Non-Institutions held 38.74% and 10.64% respectively.

Reliance Industries’ subsidiary company — Reliance Retail has launched premium fashion and lifestyle store brand AZORTE, which will house the global trends and contemporary Indian fashion. Reliance Retail has opened its first AZORTE store at MG Road, Bengaluru and plans to ramp up the store presence across key markets over the coming months.

Through AZORTE, it is looking at the mid-premium fashion segment, which is one of the fastest-growing consumer segments. AZORTE will house western and Indian wear to footwear, fashion accessories, home and beauty products, and its store format includes several tech-enabled interventions such as smart trial rooms, fashion discovery stations, endless aisles and self-checkout kiosks.

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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