Reliance Communications is currently trading at Rs. 69.70, up by 1.80 points or 2.65% from its previous closing of Rs. 67.90 on the BSE.
The scrip opened at Rs. 68.80 and has touched a high and low of Rs. 72.35 and Rs. 68.50 respectively. So far 3443719 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 117.40 on 18-Nov-2014 and a 52 week low of Rs. 45.65 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 72.35 and Rs. 62.80 respectively. The current market cap of the company is Rs. 17360.63 crore.
The promoters holding in the company stood at 59.70% while Institutions and Non-Institutions held 29.21% and 10.74% respectively.
Reliance Communications (RCom) is reportedly planning to enter into partnership with Reliance Industries’ telecom subsidiary Reliance Jio Infocomm to launch fourth-generation (4G) mobile phone services by year-end.
RCom is the latest operator to enter the race to provide 4G services, joining leading carriers Bharti Airtel and unlisted Vodafone India, which are bracing for heated competition from Reliance Jio Infocomm, the telecom unit of conglomerate Reliance Industries, as it prepares to offer 4G services starting December.
RCom is India’s foremost and truly integrated telecommunications service provider. The company ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
