Reliance Communications inched up in afternoon trade at stock market
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RCOM, as it is popularly known as, said first quarter net profit rose 34 percent to 176.6 crore rupees compared with 131.6 crore rupees a year ago. Sales during April-June rose marginally to 5,541 crore rupees versus 5,521 crore rupees.
As a consequence,
RCOM's market capitalisation has fallen 50 percent to 15,280 crore rupees over the past one year as investors preferred larger rival
(Image credits: Indiatimes)
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