Reliance jio is probably one term that every Indian is familiar with. It talk the telecom industry by a storm when it was launched back in December 2015. Jio bought a digital revolution in the country by offering free internet to all the subscribers for more than a year. The company offered 4G data at such a low price that it forced the competitors to lower their prices as well. Most people might be thinking about the Reliance jio share price. If you have been active in the stock market, you might surely be knowing about the Reliance industries for Reliance jio.
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Reliance Jio Parent Company
Reliance jio is not listed as a telecom company on the stock exchanges in India. Rather, it has been listed as a fully owned subsidiary of Reliance industries limited. Mukesh Ambani led Reliance industry hold a hundred percent stake in the flagship telecom company. Hence, the Reliance industries share price is basically the share price of Reliance jio. However, the valuation and price of the Reliance industry are inclusive of the other businesses of Reliance industries. The other businesses of Reliance industries include the oil and petrochemical segment along with Reliance retail and media houses like network 18.
Reliance industries are the most valuable company in India with a market capitalization of almost 10 lakh crore. Reliance jio contributes significantly to the valuation of Reliance industries. Back in 2015, the share price of Reliance industries was about 800 rupees and it jumped to 1200 after the launch of Reliance jio. Moreover, Reliance industries have hit a record high of ₹1600 per share. However, the share price of the company has declined over the past few days and has closed at ₹1485 on the National stock exchange on 21st February 2020. Hence, the Reliance jio share price today is ₹1485.
Reliance Jio Market Position
Reliance jio has become the most valued telecom company of India and its user base has been increasing at a rapid rate over the past few years. The user base has jumped in double digits since its launch every quarter. It was only in the Q3 FY20 when the company reported a decline in the user base. However, there is nothing to be worried about the cause of the financial position name of the other competitors like Vodafone Idea and Bharti Airtel. Reliance jio share price is surely going to increase for the in the next few years because of its Monopoly in the market.
Since the launch of Reliance jio in 2015, many companies like Reliance telecom, Tata Docomo, Aircel, and Uninor have a shutdown. The launch of Reliance jio also forced two telecom companies Vodafone and Idea respectively to merge to get them in order to survive. Similarly, Bharti Airtel has also been reporting massive losses since the launch of jio. Moreover, the AGR judgment of the supreme court has shaken the telecom industry further. Vodafone Idea has to pay the Indian government more than rupees 50,000 crores by 17th March 2020. Most experts believe that Vodafone Idea will file for bankruptcy before the deadline because they are left with no cash. This will further boost the share price of Reliance jio.
RELIANCE JIO VALUATION:
|Market Cap (Rs Cr.)||941,693.57|
|Book Value (Rs)||639.39|
|Face Value (RS)||10.00|