Monday 11 July 2016

RCom gains 1.2%; promoters pledge 3.8 crore shares

The promoters of the company have pledged 3.8 crore shares at an estimated value of Rs. 190 crore before private banks, according to reports.

Reliance CommunicationReliance Communications gained 1.2% to Rs.51.4 on Monday. The promoters of the company have pledged 3.8 crore shares at an estimated value of Rs. 190 crore before private banks, according to reports.

The scrip opened at Rs. 51.2 and has touched a high and low of Rs. 51.8 and Rs. 51.1 respectively. So far 5409628(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12644.02 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. 45.55 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs. 53.45 and Rs. 50.25 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 above its 200 DMA.

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