Hathway zooms 97%, Den Networks 50% in 7 days on Jio Fiber rollout plan

Earlier this year, RIL acquired stakes in three leading MSOs, Hathway, Den and GTPL, who have direct relations with over 30,000 local cable operators (LCOs)

Shares of Hathway Cable & Datacom (Hathway) were trading higher for the fourth straight day, up 18 per cent at Rs 38.60, also its 52-week high, on the BSE in intra-day deal on Thursday in an otherwise weak market on the back of heavy volumes.

The stock has zoomed nearly 100 per cent in the last seven trading days since the announcement of Reliance's plan of rolling out fiber broadband service. Since, August 9, the stock has rallied 97 per cent from the level of Rs 19.60, as compared to 1 per cent decline in the S&P BSE Sensex.