Jio tariff plans lift RIL shares by 11%

New Delhi, February 22

RIL stock zoomed 11% to nearly 9-year high today, adding Rs 38,761 crore to its market valuation, after the company’s telecom arm Jio said it will begin charging for data services from April.

The stock soared 10.97% to end at Rs 1,207.65, the highest closing since May 29, 2008, on the BSE. Intra-day, it had jumped 11.37% to a multi-year high of Rs 1,212.

Also, the sharp gain of over 11% in Reliance Industries Ltd scrip was the highest in nearly 8 years. A bigger jump in the scrip last witnessed was 21% gain on May 18, 2009.

On the NSE, it gained 10.96% to close at Rs 1,207.50. — PTI