Friday 3 June 2016

RIL up; Reliance Jio begins sale of 4G-enabled Lyf phones

Reliance Jio has begun selling its Lyf smartphones with SIM cards enabled for the high-speed service in India's bigger cities.

RIL6RIL Ltd stock was up by 1% at Rs. 961.Reliance Jio has begun selling its Lyf smartphones with SIM cards enabled for the high-speed service in India's bigger cities, says media reports.

The SIM cards come with three months of free unlimited data and 4,500 minutes of voice calls.

The scrip opened at Rs. 957.5 and has touched a high and low of Rs. 963.6 and Rs. 957.5 respectively. So far 313431(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 309977.81 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 819 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 981.45 and Rs. 945.25 respectively.

The promoters holding in the company stood at 45.15 % while Institutions and Non-Institutions held 32.38 % and 19.5 % respectively.

The stock is currently trading below its 50 DMA.

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