Reliance Industries Ltd.

Reliance Industries (RIL) is currently trading at Rs. 841.85, up by 2.00 points or 0.24% from its previous closing of Rs. 839.85 on the BSE.

The scrip opened at Rs. 839.00 and has touched a high and low of Rs. 843.90 and Rs. 833.60 respectively. So far 147189 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 902.00 on 04-Nov-2011 and a 52 week low of Rs. 671.00 on 08-May-2012.

Last one week high and low of the scrip stood at Rs. 857.10 and Rs. 828.15 respectively. The current market cap of the company is Rs. 272427.02 crore.

The promoters holding in the company stood at 45.15% while Institutions and Non-Institutions held 28.20% and 23.32% respectively.  

In a bid to balance its wireless broadband services with voice call facility, Reliance Industries (RIL) is planning to bid for mobile telephone spectrum in November. The company's step to acquire spectrum, which it can bundle its high speed mobile broadband service is very logical because spectrum, which does not allow voice calls, the company wouldn’t be able to generate big revenue.

The government is likely to start auction of spectrum, vacated from cancellation of 122 telecom licenses by the Supreme Court, from November 12, 2012. The government is planning to auction airwaves frequencies in 1800 Mhz band and 800 Mhz band, which are being currently used for GSM and CDMA mobile telephony services, respectively.

Earlier in 2010, RIL entered into telecom business by acquiring Infotel Broadband on the day, the later won pan-India airwaves frequencies for Rs 12,847.71 crore.

Further, the company is planning to provide digital services in key domains of national interest such as education, healthcare, security, financial services, government-citizen interfaces and entertainment.