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RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Up 0.3%

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RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Up 0.3%
Thu, 14 Mar 09:26 AM

RELIANCE COMMUNICATIONS share price has plunged 5% and is presently trading at Rs 5.

Meanwhile, the BSE 500 Index is at 15,020 (up 0.3%).

Among the top losers in the BSE 500 Index today are RELIANCE COMMUNICATIONS (down 5.3%) and KWALITY (down 5.0%).

NARAYANA HRUDAYALAYA LTD (up 5.1%) and JM FINANCIAL (up 4.5%) are among the top gainers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved down from Rs 23 to Rs 5, registering a loss of Rs 18 (down 78.8%)..

The BSE 500 has moved up from 14,496 to 15,020, registering a gain of 524 points (up 3.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 108.5%), ADANI POWER (up 91.6%) and BATA INDIA (up 87.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,904 (up 0.3%). The top gainers among the BSE Sensex stocks today are YES BANK (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,383 (up 0.3%). INDIABULLS HOU. FIN. (up 2.8%) and ZEE ENTERTAINMENT (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,857 to 37,904, registering a gain of 4,047 points (up 11.9%).

RELIANCE COMMUNICATIONS Financial Update...

RELIANCE COMMUNICATIONS net profit down at Rs 1 billion for the quarter ended December 2018, compared to a loss of Rs 270 million a year ago. Net Sales declined 6.5% to Rs 10.7 billion during the period as against Rs 11.4 billion in October-December 2017.

For the year ended March 2018, RELIANCE COMMUNICATIONS reported 109.9% decrease in net profit to Rs 240.0 million compared to net profit of Rs 2.4 billion during FY17.

Revenue of the company grew 29.9% to Rs 46 billion during FY18.

The current Price to earnings ratio of RELIANCE COMMUNICATIONS, based on rolling 12 month earnings, stands at 1.3x.

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