Reliance Industries trades higher on the bourses

Reliance Industries is currently trading at Rs. 1096.75, up by 14.40 points or 1.33% from its previous closing of Rs. 1082.35 on the BSE. The scrip opened at Rs. 1086.00 and has touched a high and low of Rs. 1101.90 and Rs. 1077.65 respectively. So far 166513 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. 1106.00 and Rs. 1062.00 respectively. The current market cap of the company is Rs. 352883.23 crore. The promoters holding in the company stood at 45.30% while Institutions and Non-Institutions held 29.86% and 21.41% respectively. Reliance Retail (RRL), a subsidiary of Reliance Industries, is reportedly planning to go online through launching e-commerce site. The potential of e-commerce combined with the network of physical store locations will offer tremendous choice and convenience at a great value to the consumer. Currently, the company is hiring people for e-commerce. Reliance Retail (RRL) has grown into an organisation that caters to millions of customers, thousands of farmers and vendors. Based on its core growth strategy of backward integration, RRL has made rapid progress towards building an entire value chain starting from the farmers to the end consumers.