RCom snaps two-day losses

RCom snaps two-day losses Meanwhile, the BSE Sensex was up 81.99 points, or 0.84%, to 9816.21.
On BSE, 33,872 shares were traded in the counter. The scrip had an average daily volume of 26.65 lakh shares in the past one quarter.
The stock hit a high of Rs 224.80 and a low of Rs 241.20 so far during the day. The stock had a 52-week high of Rs 844 on 10 January 2008 and a 52-week low of Rs 148.60 on 27 October 2008.
The stock had underperformed the market over the past one month till 6 November 2008, declining 27.95% as compared to the Sensex's decline of 17.52%. It had also underperformed the market in the past one quarter, falling 51.58% as compared to the Sensex's decline of 35.42%.
India's second largest listed telecom service provider by sales has an equity capital of Rs 1032.01 crore. Face value per share is Rs 5.
The current price of Rs 224.40 discounts its Q2 September 2008 annualised EPS of Rs 9.08, by a PE multiple of 24.71.
The stock shed 13.69% in the past two straight sessions to Rs 216.20 on 6 November 2008 from Rs 250.50 on 4 November 2008 after Morgan Stanley cut price estimate on the stock by 45% to Rs 280.
Reliance Communication's (RCom) net profit fell 41.5% to Rs 468.74 crore on a 6.5% rise in sales to Rs 3545.65 crore in Q2 September 2008 over Q2 September 2007.
RCom provides telecommunication services. The company provides wireless, wire line, voice, data and Internet communication services.