Thursday 2 June 2016

RCOM gains 3%

The Company will shut down its CDMA services in all of its telecom circles except in 4 circles of Rajasthan, Tamil Nadu, Kerala and Karnataka, says report.

Reliance Communications Ltd stock was up by 3% at Rs. 50. Report says that the company will shut down its CDMA services in all of its telecom circles except in 4 circles of Rajasthan, Tamil Nadu, Kerala and Karnataka.

The scrip opened at Rs. 49.5 and has touched a high and low of Rs. 50.95 and Rs. 48.4 
respectively. So far 12132744(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12258.23 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 91.8 on 01-Jan-2016 and a 52 week low of Rs. 45.65 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 50.6 and Rs. 46.55 respectively.

The promoters holding in the company stood at 58.85 % while Institutions and Non-Institutions held 28.77 % and 11.09 % respectively.

The stock is currently trading below its 200 DMA.

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