RELIANCE COMMUNICATIONS Surges by 10%; BSE 500 Index Up 0.3%

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RELIANCE COMMUNICATIONS Surges by 10%; BSE 500 Index Up 0.3%
Tue, 19 Mar 09:20 AM

RELIANCE COMMUNICATIONS share price has zoomed 10% and is presently trading at Rs 4.

Meanwhile, the BSE 500 Index is at 15,115 (up 0.3%).

Among the top Gainers in the BSE 500 Index today is RELIANCE COMMUNICATIONS (up 10.0%).

RAYMOND and SOBHA LIMITED are among the top losers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved down from Rs 23 to Rs 4, registering a loss of Rs 19 (down 80.9%).

On the other hand, the BSE 500 has moved up from 14,101 to 15,115, registering a gain of 1,014 points (up 7.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 102.7%), BATA INDIA (up 100.7%) and ADANI POWER (up 91.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,219 (up 0.3%).

The top gainers among the BSE Sensex stocks today are ONGC (up 1.4%), RELIANCE IND. (up 0.8%) and ITC (up 0.8%). Other gainers include BHARTI AIRTEL (up 0.7%) and M&M (up 0.6%). The most traded stocks in the BSE Sensex are SUN PHARMA and RELIANCE IND..

In the meantime, NSE Nifty is at 11,500 (up 0.3%). IOC (up 2.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,923 to 38,219, registering a gain of 5,296 points (up 16.1%).

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 1.2x.



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Stock Market Updates

BHARAT ELECTRONICS Surges by 5%; BSE CAPITAL GOODS Index Up 3.8% (Today's Market)

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BHARAT ELECTRONICS share price has surged by 5% and its current market price is Rs 70. The BSE CAPITAL GOODS is up by 3.8%. The top gainers in the BSE CAPITAL GOODS Index are BHARAT ELECTRONICS (up 5.2%) and HINDUSTAN AERONAUTICS (up 6.3%). The top losers are LAKSHMI MACHINE (down 0.5%) and AIA ENGINEERING (down 1.2%).

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Indian Indices Extend Gains; Sensex Surges Over 550 Points (Today's Market)

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The BSE Sensex is trading up by 558 points, while the NSE Nifty is trading up by 164 points.

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