Reliance Industries moves up on the bourses

Reliance Industries is currently trading at Rs. 1080.00, up by 1.50 points or 0.14% from its previous closing of Rs. 1078.50 on the BSE. The scrip opened at Rs. 1080.00 and has touched a high and low of Rs. 1102.65 and Rs. 1074.05 respectively. So far 237167 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1142.50 on 16-May-2014 and a 52 week low of Rs. 765.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 1142.50 and Rs. 1040.00 respectively. The current market cap of the company is Rs. 348825.86 crore. The promoters holding in the company stood at 45.30 % while Institutions and Non-Institutions held 29.86 % and 21.41 % respectively. Reliance Industries’ telecom arm -Reliance Jio Infocomm has reportedly commenced rolling out mobile network and WiFi hotspot services on a pilot basis, a forerunner to the fourth generation services it plans to launch later this year. The company will use multiple standards for its 4G data offering as well as varying technologies, including wireline services. In addition to 4G wireless services, the company will roll out wireline services (over optic fibre) in over 900 cities/towns. RJIL, India’s largest private sector company, is the first telecom operator to hold pan India Unified License. This license authorizes RJIL to provide all telecommunication services except Global Mobile Personal Communication by Satellite Service.