ರಿಲಯನ್ಸ್ ಷೇರುಗಳು ಮುಖೇಶ್ ಅಂಬಾನಿ ರೋಲ್ಡ್ Map ಟ್ ರೋಡ್ಮ್ಯಾಪ್ – ನ್ಯೂಸ್ 18 ಆಗಿ 10 ವರ್ಷಗಳಲ್ಲಿ 12% ನಷ್ಟು ದೊಡ್ಡ ಇಂಟ್ರಾಡೇ ಏರಿಕೆ ನೋಡಿ.

ರಿಲಯನ್ಸ್ ಷೇರುಗಳು ಮುಖೇಶ್ ಅಂಬಾನಿ ರೋಲ್ಡ್ Map ಟ್ ರೋಡ್ಮ್ಯಾಪ್ – ನ್ಯೂಸ್ 18 ಆಗಿ 10 ವರ್ಷಗಳಲ್ಲಿ 12% ನಷ್ಟು ದೊಡ್ಡ ಇಂಟ್ರಾಡೇ ಏರಿಕೆ ನೋಡಿ.

Translating…

Reliance Shares See Biggest Intraday Rise of 12% in Over 10 Yrs as Mukesh Ambani Rolls Out Roadmap
Reliance Industries Limited chairman Mukesh Ambani.

Bengaluru: Reliance Industries shares saw their biggest intraday rise in a more than a decade on Tuesday, after it set a target to reach zero net debt within 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues.

The group’s billionaire chairman, Mukesh Ambani, also unveiled plans to launch cut-price home internet services across India next month, threatening to disrupt the telco market with offers of free voice calls for life, television and movie streaming, and even TV sets to go with some subscription plans.

The announcements drove Reliance shares up as much as 12% — its biggest such move since January 14, 2009. The spike has put the company within touching distance of becoming the highest-valued Indian company again. Currently, it trails Tata Consultancy Services by slightly more than $1 billion.

But shares of telecom majors Bharti Airtel fell 4% and Vodafone Idea slid almost 5% as the announcements spurred worries of a repeat of what happened just three years ago when Reliance’s Jio burst on to the scene.

Jio, with cheap data plans and freebies, has managed to become India’s top mobile operator by subscribers and the second-biggest globally over the three years.

Ambani said, at Reliance’s annual general meeting (AGM) on Monday, that customers of Reliance’s Premium Jiofiber broadband services “will be able to watch movies in their living rooms the same day these movies are released in theatres”.

Shares of multiplex chain operators PVR and Inox Leisure fell as much as 8% and 10%, respectively, on the news, after trading resumed following a holiday on Monday. Shares in Dish TV India were also down.

As of 0606 GMT, Reliance shares were up about 10%, while the broader market was down slightly.

Reliance shares were also buoyed by the news that Saudi Aramco plans to invest roughly $15 billion for a 20% stake in its oil-to-chemicals business.​

Disclaimer: News18.com is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited.

Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.