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5 months ago
BUZZ-India's Reliance at near 9-yr high; Jio subscriptions cheer
April 3, 2017 / 4:55 AM / 5 months ago

BUZZ-India's Reliance at near 9-yr high; Jio subscriptions cheer

** Reliance Industries Ltd rises as much as 4.5 pct to 1380.50 rupees, its highest since May 2008; stock top pct gainer on the NSE index

** Reliance Jio, co's telecoms unit, signs up 72 mln paying customers under its Prime plan, extends the enrolment deadline for the plan until April 15

** "The retention rate is quite impressive and turned out at least 10 pct more than the street talk," says an analyst at a domestic brokerage.

** Rival Bharti Airtel falls as much as 3.3 pct; Idea Cellular Ltd down as much as 1.6 pct

** Up to Friday's close, Reliance Industries had risen about 15.8 pct this year

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