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RCom gains after ICRA upgrades outlook on long term rating
Jun 23,2016
The announcement was made after
market hours yesterday, 22 June 2016.
Meanwhile, the BSE Sensex was down 13.36 points, or 0.05%, to 26,752.29.
On BSE, so far 17.38 lakh shares were traded in the counter, compared with an
average volume of 22.17 lakh shares in the past one quarter. The stock hit a
high of Rs 49.25 and a low of Rs 48.20 so far during the day. The stock hit a
52-week high of Rs 91.80 on 1 January 2016. The stock hit a record low of Rs
45.65 on 25 August 2015. The stock had underperformed the market over the past
one month till 22 June 2016, falling 4.79% compared with Sensexs 5.79% rise.
The scrip had also underperformed the market in past one quarter, dropping
8.18% as against Sensexs 5.67% rise.
The large-cap company has an equity capital of Rs 1244.49 crore. Face value per
share is Rs 5.
Reliance Communications added that ICRA has also reaffirmed rating of A2+ for
short-term fund based/non fund based limits and commercial papers of the
company.
Reliance Communications (RCom) consolidated net profit fell 22.4% to Rs 177
crore on 1.8% decline in net sales to Rs 5579 crore in Q4 March 2016 over Q4
March 2015.
Jun 23,2016
The announcement was made after market hours yesterday, 22 June 2016.
Meanwhile, the BSE Sensex was down 13.36 points, or 0.05%, to 26,752.29.
On BSE, so far 17.38 lakh shares were traded in the counter, compared with an average volume of 22.17 lakh shares in the past one quarter. The stock hit a high of Rs 49.25 and a low of Rs 48.20 so far during the day. The stock hit a 52-week high of Rs 91.80 on 1 January 2016. The stock hit a record low of Rs 45.65 on 25 August 2015. The stock had underperformed the market over the past one month till 22 June 2016, falling 4.79% compared with Sensexs 5.79% rise. The scrip had also underperformed the market in past one quarter, dropping 8.18% as against Sensexs 5.67% rise.
The large-cap company has an equity capital of Rs 1244.49 crore. Face value per share is Rs 5.
Reliance Communications added that ICRA has also reaffirmed rating of A2+ for short-term fund based/non fund based limits and commercial papers of the company.
Reliance Communications (RCom) consolidated net profit fell 22.4% to Rs 177 crore on 1.8% decline in net sales to Rs 5579 crore in Q4 March 2016 over Q4 March 2015.
Time to Buy Pharma ?
Sun Pharma gains 2% ahead of board meet to mull buyback proposal As of March 2016, the pharma major has cash and cash equivalents of Rs 13,989.25 crore that increased significantly from Rs 10,998.04 crore on March 2015.
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