Here Is How Much Would You Have Today If You Had Invested10000 in Reliance During the Launch of Jio
Here Is How Much Would You Have Today If You Had Invested10000 in Reliance During the Launch of Jio: Reliance Industries, whose business interests range from petrochemicals to telecommunications, has been a mainstay of the Indian corporate landscape. Jio’s launch in September 2016 revolutionized the Indian telecom industry and the firm itself. The corporation became the biggest telecom player in the nation in less than ten years after going national.
The Investment: In September 2016, at a stock price of?539.36, a?10,000 investment would have bought you about 18 shares. If we fast-forward to the present day and see the stock price rise to?2,520, the shares would be worth a respectable?46,719.68.
Furthermore, you would have received eighteen shares in Jio Financial Services, which went public on the exchanges today. At the current market value of approximately?250 per share, the eighteen shares would have been valued at?4,400.
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Background: Jio’s disruptive pricing and wide-spread 4G network coverage caused waves in the telecom sector when it entered the market. Thanks to its aggressive strategy, Jio quickly gained a large number of subscribers and established itself as India’s top telecom provider in an extremely short amount of time.
Jio Financial Services (JFS), which debuted on the NSE on Monday, appears to be poised to make waves in the financial services sector going forward. JFS began trading at?265 on the BSE and?262 on the NSE, but it quickly saw a 5% decline to?248.9 due to multiple block deals on the market.
After listing, JFS had a market capitalization of?1.68 lakh crore, making it the third largest nonbank financial company (NBFC) and India’s 33rd most valuable company, after Bajaj Finance and Bajaj Finserv.
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