RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Up 0.1%
July 16, 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 15,014 (up 0.1%).

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

TEJAS NETWORKS LTD (up 4.1%) and GSK PHARMA (up 3.1%) are among the top gainers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved down from Rs 12 to Rs 2, registering a loss of Rs 10 (down 85.8%)..

The BSE 500 has moved up from 14,649 to 15,014, registering a gain of 365 points (up 2.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 225.1%), VINATI ORGANICS (up 113.9%) and PROCTER & GAMBLE HEALTH (up 87.9%).

What About the Benchmark Indices?

The BSE Sensex is at 38,962 (up 0.1%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 2.1%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 11,599 . ONGC (up 1.3%) and CIPLA (up 0.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,324 to 38,962, registering a gain of 2,638 points (up 7.1%).

RELIANCE COMMUNICATIONS Financial Update...

RELIANCE COMMUNICATIONS net profit down at Rs 20 billion for the quarter ended March 2019, compared to a loss of Rs 1 billion a year ago. Net Sales declined 10.1% to Rs 9.6 billion during the period as against Rs 10.7 billion in January-March 2018.

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 0.5x.