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Reliance Communications gains on increasing tariffs by over 20%

Reliance Communications Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532712 | NSE: RCOM

06 May 2013 Evaluate

Reliance Communications is currently trading at Rs 112.20, up by 2.05 points or 1.86% from its previous closing of Rs 110.15 on the BSE.

The scrip opened at Rs 111.20 and has touched a high and low of Rs 112.80 and Rs. 110.45 respectively. So far 3001351 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 112.80 on 06-May-2013 and a 52 week low of Rs 46.60 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs 112.80 and Rs 91.45 respectively. The current market cap of the company is Rs 23013.90 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 17.31% and 14.54% respectively.

Reliance Communications (RCOM), India's fully integrated telecommunications service provider has increased mobile phone tariffs by over 20%, for the second time in six months. With this initiative operator is looking for better profitability, in a market where the intensity of competition has weakened. It has increased the price of services offered under special pre-paid vouchers called Commitment Plans, however not changed headline tariffs.

In october last year, the company had increased headline tariffs by 25% from 1.2 paise a second to 1.5 paise a second.

RCOM is India's foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.

Reliance Comm Share Price

1.05 0.01 (0.96%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bharti Airtel	1846.55
Vodafone Idea	9.62
Indus Towers	412.35
Tata Communications	1521.05
Bharti Hexacom Ltd.	1538.30
View more..

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Reliance Communications gains on increasing tariffs by over 20%

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