21 Aug 2024

Reliance Industries Stock Climbs as Jio Adds 19.11 Lakh Subscribers in June

Reliance Industries Limited (RIL) saw its stock rise to Rs. 3009.00, gaining 15.65 points or 0.52% from its previous close of Rs. 2993.35 on the BSE. The stock opened at Rs. 2985.00 and fluctuated between a high of Rs. 3015.85 and a low of Rs. 2980.00. A total of 44,866 shares were traded.

The company, which operates under the BSE group 'A' with a face value of Rs. 10, reached a 52-week high of Rs. 3217.90 on July 8, 2024, and a 52-week low of Rs. 2221.05 on October 26, 2023. Over the past week, the stock hit a high of Rs. 3015.85 and a low of Rs. 2916.65. The company's market capitalization now stands at Rs. 20,34,605.06 crore.

Ownership of the company is divided between promoters (50.33%), institutions (39.24%), and non-institutions (10.43%).

In June 2024, Reliance Jio Infocomm, the telecom arm of Reliance Industries, added 19.11 lakh new subscribers, increasing its total user base to 47.65 crore. Jio now holds a market share of 40.71% in India's wireless subscriber segment as of June 30, 2024.

Reliance Industries is India’s largest private-sector entity, with diversified operations in hydrocarbon exploration, petroleum refining, petrochemicals, retail, and 4G digital services.