RCom gains after introducing app-to-app voice calling

Reliance Communications rose 2.19% to Rs 49 at 15:15 IST on BSE after the company announced the introduction of next generation app-to-app voice calling plan in the country and worldwide.

The announcement was made during market hours today, 17 August 2016.

Meanwhile, the BSE Sensex was down 42.15 points, or 0.15%, to 28,022.46.

On BSE, so far 15.7 lakh shares were traded in the counter, compared with an average volume of 26.35 lakh shares in the past one quarter. The stock hit a high of Rs 49.30 and a low of Rs 47.70 so far during the day. The stock hit a 52-week high of Rs 91.80 on 1 January 2016. The stock hit a record low of Rs 45.55 on 24 June 2016. The stock had underperformed the market over the past one month till 16 August 2016, falling 7.25% compared with 0.82% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 6.07% as against the Sensex's 9.4% rise.

The large-cap company has equity capital of Rs 1244.49 crore. Face value per share is Rs 5.

Reliance Communications said that customers will experience significantly better app-to-app voice calls with high-definition (HD) quality and instant connections under the new plan called 'Calling Ka Naya Tareeka'. Further, RCom's 4G LTE network in the 850-MHz spectrum band will provide an unparalleled user experience, the company said. Under the new plan, RCom is offering HD app-to-app calling at an introductory price of Rs 39 for 300 minutes of calling in India and anywhere in the world. The new plan will enable RCom's customers to make calls worldwide through various popular data-based apps, such as JioChat, Whatsapp, FB Messenger, Skype, Google Hangouts, imo and Viber, amongst others.

To begin with, RCom's Next-Gen services are being made available to customers across a range of smart devices, including mobile phones and the highly-successful Wi-Pod data access device.

RCom's consolidated net profit fell 22.4% to Rs 177 crore on 1.8% decline in net sales to Rs 5579 crore in Q4 March 2016 over Q4 March 2015.

RCom is an integrated telecommunications service provider.

Powered by Capital Market - Live News