RCom rings loud on the bourses

Reliance Communications (RCom) is currently trading at Rs. 49.75, up by 0.20 points or 0.40% from its previous closing of Rs. 49.55 on the BSE.

The scrip opened at Rs. 49.70 and has touched a high and low of Rs. 50.20 and Rs. 49.20 respectively. So far 656254 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 91.80 on 01-Jan-2016 and a 52 week low of Rs. 45.55 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 49.90 and Rs. 47.25 respectively. The current market cap of the company is Rs. 12370.23 crore.

The promoters holding in the company stood at 59.05%, while institutions and non-institutions held 26.73% and 14.18% respectively.

RCom has introduced Next-Gen App-To-App Calling in the country and worldwide, launching the 'Calling Ka Naya Tareeka' offer for existing and new customers. With 'Calling Ka Naya Tareeka', customers will experience significantly better app-to-app voice calls with high-definition (HD) quality and instant connections. Further, RCOM's 4G LTE network in the 850- MHz spectrum band- considered worldwide as the most optimal frequency for Next-Gen voice and data services- will provide an unparalleled user experience.

RCom is engaged in providing information and communications services. It provides telecom services for mobile and fixed line telephony. It offers code division multiple access (CDMA), global system for mobile (GSM), and 3G wireless services, wireline, voice, data, video, internet services.