Skip to main content

Reliance Communication rings on new initiative

Reliance Communication rose 0.92% to Rs 555 at 12:25 IST on BSE after it formed a joint venture with Alcatel-Lucent to offer managed network services to telcom firms across the globe.

Meanwhile, the BSE Sensex was up 172.64 points, or 1.02%, to 17,036.67 as a retreat in oil prices eased worries about inflation and after news of a takeover deal in the technology sector helped drive Wall Street higher on Monday, 12 May 2008.

On BSE, 5.07 lakh shares were traded in the counter. The scrip had an average daily volume of 18.8 lakh shares in the past one quarter.

The stock hit a high of Rs 559.60 and a low of Rs 552.55 so far during the day. The stock had a 52-week high of Rs 844 on 10 January 2008 and the stock hit a 52-week low of Rs 466.65 on 17 August 2007.

India's second largest listed telecom services provider by sales had outperformed the market over the past one month till 12 May 2008, gaining 11.5% compared to the Sensex's return of 6.66%. It had however underperformed the market in the past one quarter, declining 4.47% compared to Sensex's return of 1.52%.

The company's current equity is Rs 1,032.01 crore. Face value per share is Rs 5.

The current price of Rs 555 discounts its Q4 March 2008 annualised EPS of Rs 9.91, by a PE multiple of 56.

Reliance Communications (RCom) said on Monday, 12 May 2008, it expects the new joint venture with French-American telecom equipment provider Alcatel-Lucent to have revenue of $500 million within five to seven years. RCom said it would own 33% of the venture for network management.

The joint venture company would foray in the fast growing $16 billion managed network services industry and will cater to telecom operators, both CDMA and GSM, across the globe. The first assignment of this joint venture will be to provide managed services for Reliance Communications' nationwide CDMA & GSM networks in India.

Reliance Communication (RCom)'s net profit declined 25.5% to Rs 522.43 crore on 10% rise in sales to Rs 3455.35 crore in Q4 March 2008 over A4 March 2007.

RCom provides telecommunication services. The company provides wireless, wire line, voice, data and Internet communication services.

Popular posts from this blog

Bio-fuel has top investors powered up

23RD ,JUNE India's fortune-hunters believe their new-found love for biofuel will pay off. India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe. Billionaires Rakesh Jhunjhunwala, C Sivasankaran, Vinod Khosla, founder of Sun Microsystems, and Nemish Shah, the media-shy joint partner of Enam Financial Services, are investing in bio-fuel makers quietly, expecting that bio-fuel will have a big play in the coming years as the world looks for a viable alternative to the fast depleting oil reserves. Jhunjhunwala, who is known for his ability to spot a multi-bagger at a very early stage, recently invested in Hyderabad-based bio-fuel firm Nandan Biometrics.He is also a 10 per cent stakeholder in Praj Industries, which is a bio-fuel technology provider…

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, ETMarkets.com | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..


ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

5 dark-horse picks

Kwadrat/shutterstock.com Kwadrat/shutterstock.com
If you are a conservative investor, using the mutual fund route is the best way to invest in stocks. But if you are game for some excitement, you might want to dabble directly in stocks, especially small-cap stocks. Stocks that are smaller in size, in terms of market capitalisation, carry higher risk. The reasons are — one, lower traded volume increases price volatility, two, information is usually scarce on these companies, three, business risk is higher since many of these companies are dependent on a single product and four, governance risk is also higher in these stocks. That said, small-cap stocks have the capacity to deliver far greater returns when compared to large-cap stocks. Sample this: there were 16 stocks with market cap more than ₹50,000 crore in January 2009. These stocks delivered an average return of 138 per cent in the last eight years but 4 out of every 10 stocks in this group delivered negative returns. On the ot…