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RIL moves up as its telecom arm unveils JioGlass to strengthen presence in virtual reality space

  • bitnet infotech
  • July 16, 2020
  • 4:37 am

Reliance Industries is currently trading at Rs. 1859.40, up by 13.80 points or 0.75% from its previous closing of Rs. 1845.60 on the BSE.

The scrip opened at Rs. 1850.00 and has touched a high and low of Rs. 1868.00 and Rs. 1812.25 respectively. So far 457691 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1978.50 on 15-Jul-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1978.50 and Rs. 1787.00 respectively. The current market cap of the company is Rs. 1248000.51 crore.

The promoters holding in the company stood at 50.07%, while Institutions and Non-Institutions held 38.06% and 11.87% respectively.

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has unveiled JioGlass to strengthen its presence in virtual reality space and capitalise on remote working culture triggered by COVID-19 pandemic. The concept of digital glass and product was started by Google a few years back. The unveiling of Jio Glass coincided with Google’s Rs 33,737 crore investments in Jio Platforms for 7.7 per cent stake.

Jio Glass comes with a convenient cable that people can attach to their phone and thus connect to the internet. It is at cutting edge of the technology that provides best in class mixed reality service. It has an in-built audio system and it can make calls to contact on voice command.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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