Reliance Communications (NSE: RCOM) share: Share of Anil Ambani’s bankrupt company Reliance Communications witnessed a rocket-like rise on Friday.
This positive movement in the company’s shares has come due to some news related to the company. In this too, the impact of an important decision taken by the Central Government is visible on the stock.
What Is The Government’s Decision?
In reality, the government has approved auctions in eight spectrum bands to provide mobile phone services for an initial price of 96,317.65 crore.
The key point is the fact that Spectrum owned by a few telecom companies that are that are in bankruptcy will also be offered for auction.
The period of these spectrums will expire in the year to come. A session with the Committee of Creditors (CoC) of Reliance Communications was held on Friday i.e. today.
According to the information given by the company, this is the 45th meeting of the COC.
The Board Of Directors Meeting
Recently, Reliance Communications Limited informed BSE that the meeting of the Board of Directors of the company is scheduled to be held on 10 February 2024.
In this meeting, along with other things, the December quarter results of the company released. It will also contain the results of nine months of the current financial year.
Share Is Continuously Giving Profit
On the last trading day of the week, shares of Reliance Communications closed at Rs 2.45, up 4.70%.
This week the stock has given continuous profits to investors and has risen by more than 25 percent compared to BSE Sensex.
The share price on December 13, 2023, was Rs 2.49, which is 52 weeks high. However, in the year 2008, this share was trading above Rs 700.
Accordingly, the stock has lost more than 99 percent. Promoter Anil Ambani’s family has less than 2 percent stake in this company.
About Reliance Communications Ltd
Reliance Communications Limited is an Indian-based provider of communications services. The company provides telecom services.
The core business of the company includes India Data Center Business (IDC), National Long Distance Business (NLD), and International Long Distance Business (ILD).
The company offers wireless and wireline telecom services for the government and business segments.
They offer a wide range of services that includes cloud network connectivity, data center service corporate voice and cloud telephony access number services and collaboration services, as well as wholesale voice and value-added services (VAS).
The company provides services to around 10,000 businesses of all sizes, ranging from multinational conglomerates to smaller and mid-sized companies (SMEs)
that include banking financial services, insurance (BFSI) manufacturing, logistics, and healthcare. IT (IT) and IT-linked services (ITeS) in addition to over-the-top (OTT).
Fundamental Analysis of Reliance Communications Ltd
| Market Cap | ₹ 608 Cr. |
| Current Price | ₹ 2.20 |
| 52-wk High | ₹ 2.49 |
| 52-wk Low | ₹1.00 |
| Stock P/E | – |
| Book Value | ₹ -282 |
| Dividend | 0.00 % |
| ROCE | – |
| ROE | – |
| Face Value | ₹ 5.00 |
| P/B Value | – |
| OPM | 5.37 % |
| EPS | ₹ -50.3 |
| Debt | ₹ 47,237 Cr. |
| Debt to Equity | – |
Reliance Communications Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹3 | ₹6 |
| 2025 | ₹7 | ₹9 |
| 2026 | ₹10 | ₹12 |
| 2027 | ₹13 | ₹18 |
| 2028 | ₹20 | ₹39 |
| 2029 | ₹42 | ₹68 |
| 2030 | ₹75 | ₹110 |
Reliance Communications Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 5.18% |
| Mar 2023 | 5.18% |
| June 2023 | 1.85% |
| Sept 2023 | 1.85% |
| Dec 2023 | 1.85% |
| FII Holding | |
| Dec 2022 | 0.15% |
| Mar 2023 | 0.14% |
| June 2023 | 0.14% |
| Sept 2023 | 0.11% |
| Dec 2023 | 0.11% |
| DII Holding | |
| Dec 2022 | 4.66% |
| Mar 2023 | 4.40% |
| June 2023 | 4.40% |
| Sept 2023 | 4.40% |
| Dec 2023 | 4.40% |
| Govt. Holding | |
| Dec 2022 | 0.03% |
| Mar 2023 | 0.03% |
| June 2023 | 0.03% |
| Sept 2023 | 0.03% |
| Dec 2023 | 0.03% |
| Public Holding | |
| Dec 2022 | 89.22% |
| Mar 2023 | 89.50% |
| June 2023 | 92.81% |
| Sept 2023 | 92.83% |
| Dec 2023 | 92.84% |
| Others Holding | |
| Dec 2022 | 0.77% |
| Mar 2023 | 0.77% |
| June 2023 | 0.77% |
| Sept 2023 | 0.77% |
| Dec 2023 | 0.77% |
Reliance Communications Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹4,015 Cr |
| 2020 | ₹1,685 Cr |
| 2021 | ₹760 Cr |
| 2022 | ₹556 Cr |
| 2023 | ₹428 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹-7,218 Cr |
| 2020 | ₹-42,677 Cr |
| 2021 | ₹-5,812 Cr |
| 2022 | ₹-6,637 Cr |
| 2023 | ₹-14,207 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | -7.24 |
| 2020 | -0.64 |
| 2021 | -0.57 |
| 2022 | -0.75 |
| 2023 | -0.63 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | 7% |
| 3 Years: | 16% |
| Current Year: | 60% |
Sales Growth Over 10 Years:
| 10 Years: | -31% |
| 5 Years: | -36% |
| 3 Years: | -34% |
| Current Year: | -18% |
Conclusion
This article is a complete guide about Reliance Communications Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: Tata Group Share Q3 Results Released; Share Target ₹450 And ₹471; Huge Growth
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