Reliance scales record high as Jio plans tariff hike

Reliance Industries advanced 2.79% to Rs 1,551.90 after the company's telecom arm announced plans to raise mobile tariffs.

The stock hit a high of Rs 1,571 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 1,055.35 so far during the day.

Reliance Jio said it will also work with the Government and comply with the regulatory regime to strengthen the industry to benefit Indian consumers and take measures including appropriate increase in tariffs in next few weeks in a manner that does not adversely impact data consumption or growth in digital adoption and sustains investments.

Reliance Jio Infocomm, a subsidiary of Reliance Industries, is a telecommunications company. It operates a national LTE network with coverage across all 22 telecom circles.

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