Reliance Jio Impact

Most brokerages expect the company to do well over the coming quarters and peg the target price for the stock higher than its current market price. Subscribing to the issue makes sense, they say

Around 30 per cent of the missed calls used to come from rival networks and our customers called back as it was free, he said

Jio has been adding subscribers every month and narrowing gap with larger rivals

Reliance Jio is seeing continued momentum in subscriber additions even after the company raised tariffs in July as the firm added 5.9 million customers, highest among all operators, in September to take its user base to 138.61 million.The Mukesh Ambani-owned company had added 4.1 million subscribers in August.As per a report by UBS, Jio's active subscriber base grew by 7.3 million in September after slowing down to 2.2 million in August and this is the highest active subscribers' addition for Jio. Jio's market share increased to 11.7 per cent at the end of September. The incumbent operators have also been able to grow their wireless broadband user base, indicating the sector is stabilising. As per data shared by Telecom Regulatory Authority of India (Trai), Airtel gained 1 million subscribers and its market share increased to 23.8 per cent whereas Vodafone market share remained unchanged at 17.5 per cent though it lost 0.7 million subscribers. Idea Cellular lost 0.9 million ...

For the first time, Airtel's subscriber base goes down