RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Flat
April 22, 2019 09:20 AM

RELIANCE COMMUNICATIONS share price has plunged 5% and is presently trading at Rs 2.

Meanwhile, the BSE 500 Index is at 15,421 .

Among the top losers in the BSE 500 Index today are RELIANCE COMMUNICATIONS (down 5.0%) and CRISIL (down 7.0%).

J&K BANK (up 4.1%) and SHILPA MEDICARE (up 3.8%) are among the top gainers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved down from Rs 21 to Rs 2, registering a loss of Rs 19 (down 90.1%)..

The BSE 500 has moved up from 14,760 to 15,421, registering a gain of 661 points (up 4.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 108.9%), BALRAMPUR CHINI (up 105.8%) and VINATI ORGANICS (up 95.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,158 . The top gainers among the BSE Sensex stocks today are HDFC BANK (up 1.5%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 11,727 (down 0.2%). HDFC BANK (up 1.4%) and DR. REDDYS LAB (up 0.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,332 to 39,158, registering a gain of 4,826 points (up 14.1%).

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 0.6x.