Kshitij Anand Moneycontrol News
If you thought that Jio Infocomm Ltd would be a drag on Reliance Industries', then chances are that you have lost the opportunity to make quite a lot of money in a matter of just 10 months.
The stock as rallied about 50 percent since September 2016 to a fresh 9-year high of 1588 on 21 July. The market cap rose from Rs3.3 lakh crore to Rs5.1 lakh crore, during the same period.
Let’s look at major milestones of RIL since the launch of Jio:
July 20, 2017: RIL announces Q1 results| Stock down 0.3%
RIL reported 28 percent YoY growth in the net profit to Rs9,108 crore for the quarter ended June, compared to Rs 7,113 crore reported in the corresponding quarter of last fiscal.
July 11, 2017: Jio Prime Members to enjoy all unlimited for 3-months with Rs399 plan| Stock up 0.18%
io announced that Jio Prime Members can enjoy unlimited services for 3 months with Rs. 399 Plan. The earlier launched Rs 309 plan will provide 2 months of unlimited Jio services.
15, June 2017: BP and RIL progress and expand partnership| Stock up 2.1%
RIL and BP announced that they are moving forward to develop already-discovered deepwater gas fields, bringing new gas production for India.
24th April, 2017: RIL announces Q4 results| Stock up 1.19%
RIL reported 16.6 percent rise in the net profit to Rs8046 crore for the quarter ended March 2017, compared to Rs 6,903 crore reported in the corresponding quarter of last fiscal.
11th April 2017: Jio launches Dhan Dhana Dhan| Stock down 0.5%
Reliance Jio launched the most affordable Rs. 309 unlimited plan, which provides unlimited SMS, calling and data (1GB per day at 4G speed) for 3 months on the first recharge. It also announced Rs. 509 unlimited plan for daily high data users offering.
31 March 2017: Jio welcomes over 72 mn prime subscribers| Stock up 3.9%
In just one month, over 72 million (and still counting!) Jio customers have signed up for JIO PRIME.
21 Feb 2017: Jio Family added 100 million users in 170 days| Stock up 1.3%
Reliance Jio Infocomm Ltd announced that the Jio family of subscribers rose to 100 million strong! Jio’s offering saw record additions of 7 new members per second, every single day for the last 170 days.
16 Jan 2017: RIL announces Q3 results| Stock down 3.3%
RIL net profit for the quarter ended December rose marginally by 3.6 percent to Rs7506 crore compared to Rs7,245 crore reported in the corresponding quarter of last fiscal.
01 December 2016: Jio crosses 50 million subscribers in 83 days
Reliance Jio Infocomm Ltd said that it has crossed 50 million subscribers in just 83 days from the commencement of services on 5 September 2016.
20 October, 2016: RIL declares Q2 results| Stock down 2.2%
RIL reported 43.1 percent year-on-year (YoY) growth in net profit to Rs7,206 crore ($ 1.1 billion) for the quarter ended September 2016, compared with Rs5,035 crore in the corresponding period of the previous year.
9 October 2016: Jio enrolls 16 mn subscribers in 26 days| Stock down 1.26%
Jio announced that it has created a world record by crossing 16 Million subscribers in its first month of operations (September 2016). Jio has achieved this growth faster than any other telecom operator.
5th September: Jio announces commencement of service| Stock up 0.75%
Reliance Jio announced the commencement of services. All the existing test users would be transitioned to the Jio Welcome Offer and they will enjoy all the benefits of Jio Welcome Offer up to 31 December 2016.
01 September: Launch of digital service by Reliance Jio Infocomm Ltd| Stock Reaction: down 2.7%
Reliance Jio Infocomm Limited announced the launch of its digital services with Jio Welcome Offer which will be effective from 5 September 2016. The users got access to unlimited LTE data and national voice, video and messaging services along with the full bouquet of Jio applications and content, free of cost up to 31 December 2016.
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