Profit Sheets

Reliance Industries shares find favour after Jio tariff hike

November 29, 2021 11:29 AM

Shares of Reliance Industries (RIL) were trading more than 2% higher in Monday’s early deals after the Mukesh Ambani-led group’s telecom subsidiary Jio announced a price hike in its prepaid tariffs from next month, following its rivals Bharti Airtel and Vodafone Idea (VIL).

The tariff hikes entail JioPhone Plan, Unlimited Plans, and data add on up to 21% hike.

Last week, Airtel and Vodafone Idea had announced up to a 25% hike in their prepaid plans tariffs to improve financials.

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