RCom gains after hike in tariffs by up to 20% - The New Indian Express

RCom gains after hike in tariffs by up to 20%

Published: 16th April 2014 02:19 PM

Last Updated: 16th April 2014 02:19 PM

Reliance Communications (RCom), one of the leading telecom operators in India, gained on Wednesday after the companyincreasedtariffs by up to 20% for all its pre-paid customers. Headline Tariffs will increase from 1.5 paise to 1.6 paise per second, while tariffs on discounted and promotional plans will increase by up to 20%.

The revised tariffs, which will be applicable for pre-paid customers across the country, come into effect from Apr. 25, 2014.Shares ofthe companyare trading at Rs 129.90, down Rs 3.3, or 2.48% at the Bombay Stock Exchange (BSE) on Wednesday at 1:28 p.m.The scrip has touched an intra-day high of Rs 137.60 and low of Rs 128.90. The total volume of shares traded at the BSE is 1,626,739.In the earlier session, the shares gained 0.26%, or Rs 0.34, at Rs 133.20. Currently, the stock is trading down 21.01% from its 52-week high of Rs 164.45 and above 67.83% over the 52-week low of Rs 77.40.

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