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Reliance Retail today announced a landmark acquisition of Kelvinator, a strategic move poised to significantly amplify its leadership in India's fast-growing consumer durables sector.
Kelvinator, a brand synonymous with trust and innovation for over a century, pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, 'The Coolest One,' and continues to be revered for its cutting-edge technology, superior performance, enduring quality, and exceptional value.
This acquisition strategically aligns with Reliance Retail's vision of democratizing aspirational living. By integrating Kelvinator's rich legacy of innovation with Reliance Retail's expansive and unparalleled retail network, the company is set to unlock substantial consumer value and accelerate growth in the rapidly expanding premium home appliances market across India. This synergy will ensure that high-quality, globally-benchmarked products are accessible to every Indian household, enhancing their daily lives.
Reliance Industries Ltd fell for a fifth straight session today. The stock is quoting at Rs 1483.9, down 0.76% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 25036.9. The Sensex is at 82130.42, down 0.45%.Reliance Industries Ltd has added around 3.21% in last one month.Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has increased around 0.42% in last one month and is currently quoting at 36097.85, up 0.17% on the day. The volume in the stock stood at 56.57 lakh shares today, compared to the daily average of 101.91 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1491.1, down 0.64% on the day. Reliance Industries Ltd tumbled 7.1% in last one year as compared to a 1.83% rally in NIFTY and a 16.49% fall in the Nifty Energy index.
The PE of the stock is 57.36 based on TTM earnings ending March 25.
In the cash market, the Nifty 50 index fell 46.40 points or 0.18% to 25,476.10.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.09% to 11.94.
Vedanta, Reliance Industries and Tata Consultancy Services were the top traded individual stock futures contracts in the F&O segment of the NSE.
The June 2025 F&O contracts will expire on 31 July 2025.
In the cash market, the Nifty 50 index rose 0.30 points or 0.0% to 25,461.30.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.98% to 12.56.
Hindustan Unilever, Reliance Industries and Godrej Consumer Products were the top traded individual stock futures contracts in the F&O segment of the NSE.
The July 2025 F&O contracts will expire on 31 July 2025.
In the cash market, the Nifty 50 index added 24.75 points or 0.10% to 25,541.80.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.01% to 12.53.
State Bank of India, Dixon Technologies (India) and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.