RELIANCE COMMUNICATIONS Surges by 11%; BSE 500 Index Up 0.5%
December 3, 2018 10:23 AM

RELIANCE COMMUNICATIONS share price has zoomed 11% and is presently trading at Rs 16.

Meanwhile, the BSE 500 Index is at 14,519 (up 0.5%).

Among the top Gainers in the BSE 500 Index today is RELIANCE COMMUNICATIONS (up 11.1%).

PERSISTENT SYSTEMS and JK LAKSHMI CEMENT are among the top losers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved up from Rs 13 to Rs 16, registering a gain of Rs 3 (up 25.8%).

On the other hand, the BSE 500 has moved up from 14,494 to 14,519, registering a gain of 25 points (up 0.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 138.2%), V-MART RETAIL (up 91.8%) and NIIT TECHNOLOGIES (up 71.0%).

What About the Benchmark Indices?

The BSE Sensex is at 36,446 (up 0.5%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.7%), TATA STEEL (up 2.7%) and HUL (up 2.0%). Other gainers include TATA MOTORS (up 1.6%) and COAL INDIA (up 1.5%). The most traded stocks in the BSE Sensex are POWER GRID and YES BANK.

In the meantime, NSE Nifty is at 10,941 (up 0.4%). INDIABULLS HOU. FIN. (up 5.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,149 to 36,446, registering a gain of 3,297 points (up 9.7%).

RELIANCE COMMUNICATIONS Financial Update...

RELIANCE COMMUNICATIONS net profit stood at Rs 13 billion for the quarter ended September 2018, compared to a profit of Rs 270 million a year ago. Net Sales declined 14.6% to Rs 9.8 billion during the period as against Rs 11.4 billion in July-September 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 3.8x.