Reliance Communications (RCom) is currently trading at Rs. 12.50, up by 0.95 points or 8.23% from its previous closing of Rs. 11.55 on the BSE.
The scrip opened at Rs. 11.80 and has touched a high and low of Rs. 13.00 and Rs. 11.50 respectively. So far 8825117 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 41.77 on 29-Dec-2017 and a 52 week low of Rs. 9.60 on 15-Nov-2017.
Last one week high and low of the scrip stood at Rs. 15.25 and Rs. 11.20 respectively. The current market cap of the company is Rs. 3290.98 crore.
The promoters holding in the company stood at 53.08%, while Institutions and Non-Institutions held 15.42% and 30.68% respectively.
RCom and its subsidiary, Global Cloud Xchange (GCX), have shared updates on the company’s strategic transformation plan and its commitment to the growth and enhancement of its fixed-line communications, data center, subsea cables and enterprise services globally.
With the recent completion of the company’s hyperscale data center in Mumbai, an entirely new ecosystem has opened up to accommodate the speed of Cloud acceleration and increase in Cloud infrastructure, PaaS and global connectivity requirements of enterprises within India and globally. The new facility will have direct connectivity into GCX’s new EAGLE express subsea cable system, which will deliver the fastest routes from Mumbai, going east to Hong Kong and west to Italy.
Rcom is India’s foremost and truly integrated telecommunications service provider.
