RJio’s “Bharat” connect a good move, but not good enough to woo RIL investors

One could say that Reliance Industries Ltd’s attempt to rejuvenate Dalal Street investors with the introduction of 4G-featured JioBharat mobile phone somewhat failed, as the euphoria around it fizzled out too soon.

The stock of RIL which rose to a six-month high on Tuesday, erased all of the gains and closed in the red.