Reliance Communications hits two-year
high on 30% tariff hike
Shares of Reliance Communications Ltd BSE
2.36%rose over 2 per cent in trade to hit their
two-year high of Rs 112.80 on Monday after the telecom major hiked mobile call
rates for both its GSM and CDMA pre-paid customers by up to 30 per cent.
Reliance Communications pared some of its gains and closed
2.3 per cent higher at Rs 112.75. It hit a low of Rs 109.20 and a two-year high
of Rs 113.30 in trade today, a level which was last seen in 2011.
However, according to analysts, Reliance Communications can
well use the additional income to repay its massive net debt that stood at Rs
37,360 crore at last count.
Nifty ends near day’s high; metals, tech, auto lead
The Nifty picked momentum in the afternoon and closed near
day's high on Monday after banking stocks moved in the positive territory even as the online
portal Cobrapost's sting operation alleged 23 public and private sector banks
were involved in money
laundering activities.
The 50-share index ended at 5,975.10, up 31.10 points or 0.52
per cent. It touched a high of 5,976.50 and a low of 5,928.45 in trade today.
The Bank Nifty closed at
12,435.65, up 42.05 points or 0.34 per cent. It touched a high of 12,436 and a
low of 12,188.30 in trade today.
Visit our website for more details and get our free trial www.theequicom.com or call us at 09200009266.
click here for tips and updates on MCX and NCDEX market http://theequicom-mcx-ncdex-tips.blogspot.in
Useful information shared..I am very happy to read this article..Thanks for giving us nice info. Fantastic walk-through. I appreciate this post.
ReplyDeleteCommodity Tips Stock Tips
Thank you for such a fantastic blog. Where else could anyone get that kind of info written in such a perfect way? I have a presentation that I am presently working on, and I have been on the lookout for such information. Commodity Tips |intraday tips |Stock tips
ReplyDeleteMangalore Chemicals and Fertilisers shares locked at 10% upper circuit on Thursday after Zuari Chemicals and Fertilisers increased its stake in the company to 14%. Zuari Chemicals bought another 41 lakh shares of the Mangalore Chemicals from the open market on Wednesday. Earlier in April, Zuari picked up nearly 10 percent stake in the company, taking its total stake to 14 percent now.
ReplyDeleteequity tips
The INDIA VIX is up 0.15% at 13.4. The S&P BSE Sensex is trading at 31,709 down 88 points, while Nifty is trading at 9873 down 34 points.capitalstars
ReplyDelete