One of the largest telecom companies in India launches 5G services in Jammu and Kashmir

5paisa Research Team

Last Updated: 1st March 2023 - 02:00 pm

Shares of the company are trading in the green after the company was informed about the recent development.

By introducing its 5G services in Jammu and Srinagar, Reliance Jio Infocomm, a subsidiary of Reliance Industries, has introduced its True 5G services in the Union Territory of Jammu and Kashmir. Beginning on February 28, 2023, residents and companies in these cities will have access to the benefits of standalone, high-speed, low-latency 5G services.

At the inaugural event, it was shown how Jio True 5G would alter the way that healthcare, education, and other crucial Indian industries operate as well as the use of this immersive technology in these domains. The cutting-edge AR-VR gadget Jio Glass gave users a sneak peek at the generational improvement that would be seen in these fields.

Share price movement of Reliance Industries Limited

Scrip opened today at Rs 2,342.20 and made its day high at Rs 2,342.20. The 52-week high of the stock is Rs 2,855, whereas the 52-week low was Rs 2,181. Promoters hold 50.49%, whereas institutional and non-institutional holdings are 38.9% and 10.59%, respectively. Presently, the market cap of the company is Rs 15,78,963 crore.

Company profile

The biggest private sector company in India and a Fortune 500 business is Reliance Industries Limited. From a manufacturer of textiles and polyester to a player with integrated operations in the energy, materials, retail, entertainment, and digital services sectors. In all economic and social spheres, Reliance's product and service range affects nearly all Indians daily. Dhirubhai Ambani started Reliance, which is currently marketed and run by Mukesh Dhirubhai Ambani, his eldest son. The Ambani family owns around 50% of the firm.

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