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RIL shares hit nine-year high; mcap rises by Rs 5,018 cr

Press Trust of India  |  New Delhi 

of Industries rose by over 1 per cent to hit a fresh nine-year high today after its subsidiary Jio unveiled new tariff plans.

The stock jumped 1.02 per cent to settle at Rs 1,510.50 on During the day, it gained 1.95 per cent to Rs 1,524.50 -- its multi-year high level.

On NSE, it went up by 1.12 per cent to close at Rs 1,511.10.

The company's market valuation rose by Rs 5,018.01 crore to Rs 4,91,149.01 crore.

On the volume front, 2.85 lakh of the company were traded on and over 39 lakh changed hands at during the day.

Jio yesterday announced new tariff plans to replace its current dirt-cheap rates, offering lesser validity and data on a revamped Rs 309 plan and dishing out a bumper 84GB for Rs 399.

Jio had over 112 million users at the end of April 2017.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 17:42 IST