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.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Read More



follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook