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Reliance Industries soars after its arm partners with OnePlus

Reliance Industries is currently trading at Rs. 2624.85, up by 12.60 points or 0.48% from its previous closing of Rs. 2612.25 on the BSE.

Reliance Industries
Reliance Industries

The scrip opened at Rs. 2617.00 and has touched a high and low of Rs. 2633.20 and Rs. 2606.75 respectively. So far 53587 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. 2694.35 and Rs. 2585.00 respectively. The current market cap of the company is Rs. 1775971.94 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 partnered with OnePlus to bring in the evolutionary stand-alone 5G technology ecosystem in the country. As part of the collaboration, all the OnePlus 5G devices will be powered by Jio ‘True 5G’ technology.

The Jio and OnePlus teams have been actively working together at the backend to make 5G technology more accessible to the consumers and continue to expand their 5G technology services across the product portfolio.

OnePlus devices with access to the Jio True 5G network include the latest OnePlus 10 Series, OnePlus 9R, OnePlus 8 Series as well as the Nord, Nord 2T, Nord 2, Nord CE, Nord CE 2 and Nord CE 2 Lite. Similarly, OnePlus 9 Pro, OnePlus 9 and OnePlus 9RT will also have access to the Jio True 5G network shortly.

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.