Wednesday, 22 February 2017
On 2/22/2017 04:47:00 pm by Suhani Varma in Accurate Stock Tips, best intraday tips provider, best stock tips, Equity Tips, Indian stock tips, intraday tips, Premium Equity Tips, Share advisory, Shares Tips, Stock Option, ways2cap Premium Equity Tips No comments

Reliance Industries scrip has jumped 11.09% in Wednesday's trade and closed at Rs 1208.90, which is nearly nine year closing high, owing largely to the pricing, set by Jio for its customers. Reliance Industries' scrip clocked a multi-year high as investors cheered the announcements made by chairman & managing director, Mukesh Ambani for Jio customers.
The scrip soared to a high of 1211.65 intraday on NSE and was the biggest contributor to the benchmarks' gains, Nifty and Sensex. The stock in post afternoon trade hit Rs 1200-mark for the first time since May 19, 2009.
Ambani on February 21 announced offers for its existing Jio customers as a reward for their loyalty to the brand. Expressing gratitude to Jio's first 100 million users, Mukesh Ambani said that customers coming on board before April 1 will be eligible to avail a 'Jio Prime' membership, enrollment for which will start from March 1 onwards. At a one-time fee of Rs 99, existing Jio customers could get Jio’s services for one year at a price of Rs 303 per month from April 1, 2017. Jio notched the 100-million customer mark within just 170 days of its launch.
In the past one week, the stock has risen over 11 % and has also shown strong movements in the past three days as well, posting a near 9 % gain. The stock has biggest one day gain since May 18, 2009. The market capitalisation of Reliance Industries rose by Rs 36200 cr today; which is more than the market capitalisation of Idea Cellular (Rs 35900 cr). Also the trading volumes today were highest in last seven years.
The scrip soared to a high of 1211.65 intraday on NSE and was the biggest contributor to the benchmarks' gains, Nifty and Sensex. The stock in post afternoon trade hit Rs 1200-mark for the first time since May 19, 2009.
Ambani on February 21 announced offers for its existing Jio customers as a reward for their loyalty to the brand. Expressing gratitude to Jio's first 100 million users, Mukesh Ambani said that customers coming on board before April 1 will be eligible to avail a 'Jio Prime' membership, enrollment for which will start from March 1 onwards. At a one-time fee of Rs 99, existing Jio customers could get Jio’s services for one year at a price of Rs 303 per month from April 1, 2017. Jio notched the 100-million customer mark within just 170 days of its launch.
In the past one week, the stock has risen over 11 % and has also shown strong movements in the past three days as well, posting a near 9 % gain. The stock has biggest one day gain since May 18, 2009. The market capitalisation of Reliance Industries rose by Rs 36200 cr today; which is more than the market capitalisation of Idea Cellular (Rs 35900 cr). Also the trading volumes today were highest in last seven years.
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