Shares of Reliance Industries hit near 9-year high as Jio subscriptions cheered investors.

Shares of Reliance Industries hit near 9-year high as Jio subscriptions cheered investors.

Reliance stock rose as much as 4.5 per cent to Rs. 1,380.50, its highest since May 2008.

The stock was the top percentage gainer on the NSE index.

Reliance Jio, the company's telecoms unit, has signed up 72 Million Paying Customers under its Prime plan.

It has extended the enrolment deadline for the plan until April 15,2017

“The retention rate is quite impressive and turned out at least 10 per cent more than the street talk,” says an analyst at a domestic brokerage.

Rival Bharti Airtel stock plunged as much as 3.3 per cent and Idea Cellular Ltd fell as much as 1.6 per cent.