Reliance Communications falls on losing 625 subscribers in January

Reliance Communications is currently trading at Rs. 1.73, down by 0.01 points or 0.57% from its previous closing of Rs. 1.74 on the BSE.

The scrip opened at Rs. 1.75 and has touched a high and low of Rs. 1.75 and Rs. 1.66 respectively. So far 6140489 shares were traded on the counter.

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The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 4.33 on 29-Jul-2020 and a 52 week low of Rs. 0.62 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2.10 and Rs. 1.74 respectively. The current market cap of the company is Rs. 475.67 crore.

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The promoters holding in the company stood at 5.18%, while Institutions and Non-Institutions held 4.87% and 89.92% respectively.

Reliance Communications (RCom) has lost 625 customers in January 2021. Following this, the company’s total customer base decreased to 9929 with market share of 0.001% in terms of wireless subscribers as on January 31, 2021.

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RCom is India’s foremost and truly integrated telecommunications service provider.