Since the beginning of January, Reliance Industries' share price has risen 23 percent, while its market capitalisation has risen 21 percent to Rs 7.09 lakh crore.
stock price has had a stellar run over the past 12 months and the stock continued its upward journey to touch a record high of Rs 1,138.25 intraday on Friday. It closed 2.23 percent higher at Rs 1,128.55 on the BSE.
The stock has surged more than 16 percent since the conclusion of its 41st annual general meeting, held on July 5, 2018. The company had announced launch of its 'Jio GigaFiber' fiber-to-home service, and its 'Jio Giga TV' set-top box at the meeting.
At the AGM, Reliance Industries Chairman and Managing Director Mukesh Ambani said that the company has doubled its customer base for Jio to 215 million within 22 months of starting operations.
Ambani said that data usage increased to 240 crore GB from 125 crore GB in a span of one year, and that voice usage more than doubled from 250 crore minutes a day to 530 crore minutes a day.
If you want more information regardingtheMarket News & many other tips like Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , commodity market tip.
Visit: http://www.tradeindiaresearch.com
Call On TOLL FREE Number: 9009010900
Whatsapp User Join Our Group: 9300421111
Source: https://www.moneycontrol.com/news/business/markets/reliance-industries-hits-record-high-gains-46-in-last-one-year-2738311.html
