Reliance stock hits 9 year high as Jio announces new plans

Mukesh Ambani-led Reliance Industries stock on Wednesday hit a nine-year high after telco Reliance Jio increased the effective rates of its services with effect from July 11, 2017. So far in 2017, the stock has outperformed the market by surging 41%. The new set of plan benefits will be applicable for all new as well as existing subscribers.