Reliance Industries shares climbed nearly 4% and topped the Rs 2,300 mark on Friday for the first time since March 14 after the Mukesh Ambani-led oil-to-telecom major said its secured creditors, unsecured creditors and equity shareholders will meet on May 2, to consider demerger, transfer and vesting of the Financial Services Business from the company into the resulting company on a going concern basis. Watch this Business Today Visual Story to know more.
Brokerages claimed that despite reporting a consolidated net profit of Rs 17,955 crore the consolidated EBITDA and PAT of RIL were below their estimate.
Shares of telecom operators - Bharti Airtel, Reliance Industries-owned Jio gained today
Share price of telecom operators Bharti Airtel and Reliance Industries surged on Wednesday, March 3, a day after the companies purchased radiowaves in the spectrum auction 2021. In the two-day spectrum auction, 855.60 MHz of spectrum was bought for ₹ 77,814.80 crore. On Wednesday, Reliance Industries surged over two per cent on the BSE. It opened at Rs 2121.70, touching an intra day high of Rs 2157 and an intra day low of Rs 2107.20, so far. Shares of Bharti Airtel opened on the BSE at Rs 548.25, touching an intra day high of Rs 550.5 and an intra day low of Rs 540.25, so far. (