Reliance Communications gains on earnings

MUMBAI (Reuters) - Reliance Communications Ltd gained as much as 7.5 percent in trade after the company reported better-than-expected Sept-quarter earnings.

India's fourth-biggest cellular carrier reported a surge in quarterly net profit, smashing analysts' estimates, lifted by higher call tariffs and reduced competition.

Reliance Communications shares were trading at 138 rupees, up 6.85 percent at 1.04 pm.

(Reporting by Subhadip Sircar; Editing by Supriya Kurane)