Reliance Industries rises after its arm makes upfront payments to telecom department

19 Mar 2021 Evaluate

Reliance Industries is currently trading at Rs. 2024.55, up by 15.05 points or 0.75% from its previous closing of Rs. 2009.50 on the BSE.

The scrip opened at Rs. 1988.30 and has touched a high and low of Rs. 2029.00 and Rs. 1981.20 respectively. So far 306113 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-2020 and a 52 week low of Rs. 867.82 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2148.80 and Rs. 1981.20 respectively. The current market cap of the company is Rs. 1367898.90 crore.

The promoters holding in the company stood at 50.54%, while Institutions and Non-Institutions held 38.28% and 11.19% respectively.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has made upfront payments to the telecom department for the spectrum bought in the just-ended auctions. The company has made an upfront payment of about Rs 15,019 crore. The auctions held earlier this month raked-in winning bids of over Rs 77,800 crore for 855.6 MHz of spectrum. Reliance Jio spent the most in the auction, picking up 488.35 MHz spectrum in bands such as 800 MHz, 1800 MHz and 2300 MHz for over Rs 57,100 crore.

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.

Reliance Industries Share Price

2976.80 -11.05 (-0.37%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Reliance Industries 2976.80
Indian Oil Corp. 167.75
BPCL 603.00
HPCL 475.80
MRPL 218.70
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