New Delhi, Nov 13 (PTI) Shares of Reliance Communications
today plummeted 13.5 per cent after the company posted a
consolidated loss of Rs 2,709 crore in the second quarter
The stock dived 13.52 per cent to settle at Rs 12.15 on
BSE. During the day, it slumped 13.87 per cent to Rs 12.10 —
its 52-week low.
On NSE, shares of the company tumbled 13.52 per cent to
close at Rs 12.15.
The company’s market valuation also fell by Rs 860.89
crore to Rs 3,024.11 crore.
In terms of equity volume, 97.79 lakh shares of the
company were traded on BSE and over 6 crore shares changed
hands at NSE during the day.
Debt-laden telecom operator Reliance Communications on
Saturday reported a consolidated loss of Rs 2,709 crore in the
second quarter to September 2017.
The company had registered a profit of Rs 62 crore in
the same period a year ago.
This is the fourth straight quarter of loss for the
Total income of the firm declined by 48 per cent to Rs
2,667 crore in the reported quarter, from Rs 5,142 crore in
the corresponding period of the previous fiscal.
RCom, which is on the verge of shutting its voice call
service, witnessed a decline in revenue from its both India
and global operations.
This is published unedited from the PTI feed.