Reliance Communications shares up 11 percent
Bangalore: Reliance Communications stock was among the top gainers of the day after its share price went up by nearly 11 percent. After starting the day at 
139.35, the stock touched the day's high of 150.75, before closing trade at 133.40, a gain of 10.87 percent. Through the day, 4923543 shares of Reliance Communications were traded in the market with the P/E ratio of the stock at 63.75. The 52 week stock price chart is on the left.
Reliance Communications Limited is engaged in the business of providing telecommunications services. The Company has a customer base of approximately 85 million, including 2.2 million individual overseas retail customers. Its corporate clientele includes 2,100 Indian and multinational corporations, and approximately 800 global, regional and domestic carriers. It has established integrated (wireless and wireline) and convergent (voice, data and video) digital network that is capable of supporting services spanning the entire communications value chain, covering approximately 24,000 towns and 600,000 villages.
It owns and operates Internet protocol-enabled connectivity infrastructure, comprising approximately 277,000 kilometers of fiber optic cable systems in India, United States, Europe, Middle East and the Asia pacific region.Its wireless business constitutes both mobile and fixed wireless operations. Its Home business comprises direct to home (DTH) services.
Reliance ADA Group companies, led by Anil D. Ambani and Reliance Industries (RIL) led by Mukesh D. Ambani have signed an agreement cancelling all existing non-compete arrangements. Currently, 37 analysts are following the stock with the consensus recommendation to hold the stock. 10 analysts are suggesting that the stock will outperform.
139.35, the stock touched the day's high of 150.75, before closing trade at 133.40, a gain of 10.87 percent. Through the day, 4923543 shares of Reliance Communications were traded in the market with the P/E ratio of the stock at 63.75. The 52 week stock price chart is on the left.
Reliance Communications Limited is engaged in the business of providing telecommunications services. The Company has a customer base of approximately 85 million, including 2.2 million individual overseas retail customers. Its corporate clientele includes 2,100 Indian and multinational corporations, and approximately 800 global, regional and domestic carriers. It has established integrated (wireless and wireline) and convergent (voice, data and video) digital network that is capable of supporting services spanning the entire communications value chain, covering approximately 24,000 towns and 600,000 villages.
It owns and operates Internet protocol-enabled connectivity infrastructure, comprising approximately 277,000 kilometers of fiber optic cable systems in India, United States, Europe, Middle East and the Asia pacific region.Its wireless business constitutes both mobile and fixed wireless operations. Its Home business comprises direct to home (DTH) services.
Reliance ADA Group companies, led by Anil D. Ambani and Reliance Industries (RIL) led by Mukesh D. Ambani have signed an agreement cancelling all existing non-compete arrangements. Currently, 37 analysts are following the stock with the consensus recommendation to hold the stock. 10 analysts are suggesting that the stock will outperform.