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Reliance Communications trades higher on the bourses

02 Aug 2013 Evaluate

Reliance Communications (RCom) is currently trading at Rs. 133.40, up by 2.00 points or 1.52% from its previous closing of Rs. 131.40 on the BSE.

The scrip opened at Rs. 129.55 and has touched a high and low of Rs. 134.80 and Rs. 125.10 respectively. So far 20,52,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 151.25 on 17-Jul-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. 143.85 and Rs. 122.35 respectively. The current market cap of the company is Rs. 26326.66 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 19.68% and 12.17% respectively.

Reliance Communications has reported results for the first quarter ended June 30, 2013.

The Company reported net loss of Rs 228.00 crore for the quarter against net loss of Rs 252.00 crore for the June quarter of the previous year.  However, the company’s total income grew by 6.69% at Rs 2981.00 crore for the quarter under review as against Rs 2794.00 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Company has reported 33.33% fall in its net profit after tax Minority Interest and Share of Profit of Associates of Rs 108.00 crore for the quarter as compared to Rs 162.00 crore for the same quarter in the previous year. However, total income from operations of the company increased by 1.75% at Rs 5412.00 crore for quarter under review as compared to Rs 5319.00 crore for the quarter ended June 30, 2012

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