The company's market valuation rose by Rs 14,100 crore to Rs 4,40,862 crore.
New Delhi: Shares of RIL rose by over 3 percent today, adding Rs 14,100 crore to its market valuation, after its telecom arm Jio continued lead over others in terms of gaining new customers despite ending its free 4G offers.
The stock gained 3.30 per cent to close at Rs 1,355.90 on BSE. During the day, it rose by 3.42 per cent to Rs 1,357.50. On NSE, shares of the company went up by 3.28 per cent to end at Rs 1,357.50. The company's market valuation rose by Rs 14,100 crore to Rs 4,40,862 crore. The stock was the top gainer on both Sensex and Nifty. In terms of volume, 34.89 lakh shares of the company were traded on BSE and over 1 crore shares changed hands on NSE during the day.
Reliance Jio maintained its lead in terms of customer acquisition despite the end of its free 4G service offer. The company accounted for about 87 per cent of total new mobile customer additions in April. The growth of the company's net subscriber addition, however, slowed down to 3.87 million in April from its peak of 20.2 million new customer additions in December 2016.