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RELIANCE COMMUNICATIONS Plunges by 11%; BSE 500 Index Down 0.5%

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RELIANCE COMMUNICATIONS Plunges by 11%; BSE 500 Index Down 0.5%
Thu, 16 Aug 02:49 PM

RELIANCE COMMUNICATIONS share price has plunged 11% and is presently trading at Rs 21.

Meanwhile, the BSE 500 Index is at 15,460 (down 0.5%).

Among the top losers in the BSE 500 Index today is RELIANCE COMMUNICATIONS (down 10.6%).

TAMIL NADU NEWSPRINT (up 11.3%) and HOUSING DEV. INFRA (up 11.2%) are among the top gainers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved down from Rs 24 to Rs 21, registering a loss of Rs 3 (down 11.6%)..

The BSE 500 has moved up from 13,513 to 15,460, registering a gain of 1,947 points (up 14.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 780.4%), GRAPHITE INDIA (up 358.4%) and INDIABULLS VENTURES (up 288.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,892 (down 0.5%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 1.9%), INFOSYS LTD (up 1.4%) and ICICI BANK (up 1.2%). Other gainers include TATA MOTORS (up 1.1%) and AXIS BANK (up 1.1%). The most traded stocks in the BSE Sensex are SUN PHARMA and ICICI BANK.

In the meantime, NSE Nifty is at 11,450 (down 0.5%). GAIL (up 3.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,449 to 37,892, registering a gain of 6,443 points (up 19.7%).

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 2017, RELIANCE COMMUNICATIONS reported 295.4% decrease in net profit to Rs 12.9 billion compared to net profit of Rs 6.6 billion during FY16.

Revenue of the company grew 11.2% to Rs 195 billion during FY17.

The current Price to earnings ratio of RELIANCE COMMUNICATIONS, based on rolling 12 month earnings, stands at down 1.6x.

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