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RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Down 0.8%

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RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Down 0.8%
Wed, 5 Dec 11:42 AM

RELIANCE COMMUNICATIONS share price has plunged 5% and is presently trading at Rs 18.

Meanwhile, the BSE 500 Index is at 14,422 (down 0.8%).

Among the top losers in the BSE 500 Index today are RELIANCE COMMUNICATIONS (down 5.4%) and IFB INDUSTRIES LTD (down 5.4%).

ARVIND LTD. (up 5.0%) and EDELWEISS FINANCIAL (up 2.6%) are among the top gainers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved up from Rs 12 to Rs 18, registering a gain of Rs 6 (up 51.8%)..

The BSE 500 has moved up from 14,336 to 14,422, registering a gain of 86 points (up 0.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 150.5%), V-MART RETAIL (up 91.3%) and NIIT TECHNOLOGIES (up 78.2%).

What About the Benchmark Indices?

The BSE Sensex is at 36,049 (down 0.6%). The top gainers among the BSE Sensex stocks today are HUL (up 1.0%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and HDFC BANK.

In the meantime, NSE Nifty is at 10,821 (down 0.7%). TECH MAHINDRA (up 1.2%) and BHARTI INFRATEL (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,870 to 36,049, registering a gain of 3,179 points (up 9.3%).


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 3.9x.

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