RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Down 1.5%
October 8, 2018 02:34 PM

RELIANCE COMMUNICATIONS share price has plunged 5% and is presently trading at Rs 12.

Meanwhile, the BSE 500 Index is at 13,759 (down 1.5%).

Among the top losers in the BSE 500 Index today are RELIANCE COMMUNICATIONS (down 5.3%) and PAGE INDUSTRIES (down 5.6%).

ELGI EQUIPMENTS (up 6.2%) and HPCL (up 6.0%) are among the top gainers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved down from Rs 17 to Rs 12, registering a loss of Rs 5 (down 31.8%)..

The BSE 500 has moved down from 13,786 to 13,759, loss of 27 points (down 0.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 188.6%), L&T INFOTECH LTD (up 120.0%) and SONATA SOFTWARE (up 110.6%).

What About the Benchmark Indices?

The BSE Sensex is at 34,636 (down 1.0%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.4%), HERO MOTOCORP (up 3.1%) and KOTAK MAH. BANK (up 2.9%). Other gainers include RELIANCE IND. (up 2.2%) and ASIAN PAINTS (up 2.0%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 10,398 (down 1.1%). HPCL (up 6.4%) and YES BANK (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,592 to 34,636, registering a gain of 3,044 points (up 7.7%).

RELIANCE COMMUNICATIONS Financial Update...

RELIANCE COMMUNICATIONS net profit down at Rs 1 billion for the quarter ended June 2018, compared to a loss of Rs 270 million a year ago. Net Sales declined 12.1% to Rs 10.1 billion during the period as against Rs 11.4 billion in April-June 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 down 1.0x.