Reliance Comm shares fall on December-quarter results
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)
- Tweet this
- Share this
- Digg this
- North Korea sentences US citizen Matthew Miller to six years hard labour
- UPDATE 3-Heineken confirms, rebuffs SABMiller bid
- Wall St Week Ahead - Fed change unlikely to blunt equities' appeal over bonds
- NATO countries have begun arms deliveries to Ukraine - defence minister
- Liberia president sacks 10 officials told to return to fight Ebola
Xi's South Asia Visit
China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbours' first summit since Narendra Modi became prime minister in May. Full Article | Video