Reliance Industries at nine year high!

The last day of the fiscal, 31st March, Reliance Industries hit a new high at Rs.1336 and today, the first day of the new fiscal, FY18, it celebrated with another new high at Rs.1380 – this is a none year high!

The market is euphoric with Reliance Jio announcing that it will be extending its Jio Prime membership deadline till 15th of April. Originally, this was scheduled to end on 31st March. The company said that it was extending the deadline on account of the overwhelming response it has received for Jio Prime.

The company said that those who could not enroll for Jio Prime by March 31 can still do so by paying Rs 99 along with their first purchase of Jio’s Rs 303 and other plans till 15th April. Jio Prime already has a membership of 72 million customers.

The arrival of Jio has completely shaken up the telecom sector and when it keeps on extending or giving new schemes, it makes the customers and the markets very happy.