The promise of higher dividend payouts in future will enhance its attractiveness
Another big announcement was Reliance's partnership with Microsoft under which Jio will set up data centres across India and Microsoft will bring the cloud platform.
The announcements saw the stock rally over 8 per cent in intra-day trade on the National Stock Exchange (NSE) to Rs 1,257 levels on Tuesday
The stock trades at Rs 1,250 levels on the NSE and has gained 13 per cent in the last one year
RIL stock rose by 2.23% to close at Rs 1,128.55 on BSE