RCom rings loud on the bourses

Reliance Communications (RCom), is currently trading at Rs. 131.00, up by 1.30 points or 1.00% from its previous closing of Rs. 129.70 on the BSE. The scrip opened at Rs. 131.00 and has touched a high and low of Rs. 132.20 and Rs. 130.40 respectively. So far 466965 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. 81.15 on 17-Apr-2013. Last one week high and low of the scrip stood at Rs. 138.50 and Rs. 124.45 respectively. The current market cap of the company is Rs. 27090.35 crore. The promoters holding in the company stood at 67.80% while Institutions and Non-Institutions held 20.73% and 11.20% respectively. RCom, India’s fully integrated telecommunications service provider, has increased tariffs by up to 20 per cent for all its pre-paid customers. Headline Tariffs will increase from 1.5 paise to 1.6 paise per second, while tariffs on discounted and promotional plans will increase by up to 20 per cent. The revised tariffs, which will be applicable for pre-paid customers across the country, come into effect from April 25, 2014. 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.