Shares of Reliance Communications (RCom) today soared up to 4.7 per cent after the company reported a consolidated net profit of Rs 332 crore for the quarter ended March 31, 2012.
Making a bullish start, the scrip gained 4.49 per cent to touch a high of Rs 68.55 on the BSE. On the NSE, the scrip soared 4.73 per cent to Rs 68.60.
On the volume front, 13.81 lakh shares were traded on the BSE, while over 51 lakh shares changed hands on the NSE.
The company’s net profit was Rs 168 crore in the year-ago period. On a sequential basis, it was up 78 per cent from Rs 186 crore in the October-December quarter last fiscal.
The board has recommended a dividend of 25 paise per equity share of Rs 5 for the financial year 2011-12.
NBAD Issues $465m convertible bonds
The National Bank of Abu Dhabi (NBAD) has issued $465m senior unsecured convertible bonds, convertible into ordinary shares of NBAD.
The offering, due in 2018, was increased from an initial
TSX ends lower as stimulus concerns, data weigh
Canada's main stock index dipped
on Thursday, with every major sector trading in the red on fears
that the U.S. Federal Reserve will dial back its bond-buying
program as well as pessimism followin
CANADA STOCKS-TSX opens lower on stimulus pullback fears
Canada's main stock index opened
lower on Friday, led by weaker financial and energy shares, as
fears of an early end to the U.S. government bond-buying program
offset data showing positive econom
TSX edges up as Fed talk buoys golds, drags banks
Canada's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the U.S. Federal Reserve will keep its easy money policy in place for now was temper