Reliance Comm shares fall on December-quarter results

MUMBAI Thu Jan 24, 2013 4:38pm IST

A street vendor sells his goods beside a Reliance mobile phone store in Mumbai June 8, 2010. REUTERS/Reinhard Krause/Files

A street vendor sells his goods beside a Reliance mobile phone store in Mumbai June 8, 2010.

Credit: Reuters/Reinhard Krause/Files

Related Topics

Stocks

   

MUMBAI (Reuters) - Shares in Reliance Communications Ltd (RLCM.NS) fell as much as 10.2 percent on Thursday, after India's No.3 mobile phone carrier by customers posted its second consecutive quarterly decline in profit on Wednesday.

Consolidated net profit at the carrier, controlled by billionaire Anil Ambani, fell a sharper-than-expected 44 percent to 1.05 billion rupees for its fiscal third quarter ended December.

Reliance Communications shares ended down 9.14 percent at 80 rupees. They earlier touched a low of 79.10 rupees.

(Reporting by Abhishek Vishnoi)

FILED UNDER:

Market Eye

REUTERS SHOWCASE

Setback For Sahara

Setback For Sahara

Supreme Court defers verdict on Sahara plea to raise more debt on hotels  Full Article 

SpiceJet Crisis

SpiceJet Crisis

SpiceJet says fleet grounded on lack of fuel  Full Article 

Drug Patents

Drug Patents

Novartis sues Cipla over respiratory drug Onbrez   Full Article 

Boost for Tata Steel

Boost for Tata Steel

Tata Steel restarts key iron mines amid shortage  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

India Outlook

India Outlook

ADB trims growth forecasts for developing Asia, says India to grow 5.5 pct in 2014  Full Article 

Real Estate

Real Estate

HDFC to raise $500 mln real estate private equity fund - sources  Full Article 

Banking Sector

Banking Sector

Japan banks to bulk up India presence on improving ties   Full Article 

U.S. Spending Bill

U.S. Spending Bill

Obama signs bill $1.1 trillion government spending bill  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage