RIL swings up after arm wins cricket digital rights

Reliance Industries (RIL) went up on Tuesday morning after subsidiary Reliance Jio Infocomm’s JioTV acquired the exclusive India digital rights for upcoming T20 cricket series Nidahas Trophy.

Nidahas Trophy – a tri-nation T20 competition – will be played in Colombo on March 6-18, 2018, among host Sri Lanka, Bangladesh and India.

However, the stocks erased the gains as the trade advanced. The scrip opened at Rs 929.70 and hit high and low of Rs 936 and Rs 903.15, respectively, eventually closing at Rs 910.90, down 1.44 per cent.


The stock scaled its fresh 52-week high of Rs 990 on January 23, 2018, and 52-week low of Rs 617.05 on March 29, 2017.

RIL is India’s largest private sector company. The company’s business spans across hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Schedule for Nidahas Trophy
March 6, 2018: Sri Lanka vs India
March 8: Bangladesh vs India
March 10: Sri Lanka vs Bangladesh
March 12: Sri Lanka vs India
March 14: Bangladesh vs India
March 16: Sri Lanka vs Bangladesh
March 18: FINAL