Thursday 14 November 2013

Reliance Communications soars on reporting stellar Q2 numbers

Reliance Communications is currently trading at Rs. 136.90, up by 4.55 points or 3.36% from its previous closing of Rs. 132.35 on the BSE.

The scrip opened at Rs. 134.20 and has touched a high and low of Rs. 138.90 and Rs. 134.20 respectively. So far 7, 57,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 164.45 on 20-Sep-2013 and a 52 week low of Rs. 50.25 on 26-Mar-2013.

Last one week high and low of the scrip stood at Rs. 148.00 and Rs. 128.05 respectively. The current market cap of the company is Rs. 28,122 crore.

The promoters holding in the company stood at 67.80% while Institutions and Non-Institutions held 20.43% and 11.49% respectively. The company has reported 800% rise in its net profit at Rs 81 crore for the quarter as compared to Rs 9 crore for the same quarter in the previous year. Total income of the company has increased by 13.50% at Rs 3472 crore for quarter under review as compared to Rs 3059 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a growth of 561.76% in net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 675 crore as compared to Rs 102 crore in the same quarter previous year. Total income of the group rose 12.16% to Rs 5835 crore for quarter under review as against Rs 5202 crore in corresponding quarter previous year.

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