Tulip Telecom is currently trading at Rs. 111.45, up by 0.70 points or 0.63% from its previous closing of Rs. 110.75 on the BSE.
The scrip opened at Rs. 109.00 and has touched a high and low of Rs. 113.00 and Rs. 105.05 respectively. So far 59290 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 181.00 on 15-Feb-2011 and a 52 week low of Rs. 99.50 on 30-Dec-2011.
Last one week high and low of the scrip stood at Rs. 123.35 and Rs. 102.70 respectively. The current market cap of the company is Rs. 1613.13 crore.
The promoters holding in the company stood at 69.92% while Institutions and Non-Institutions held 20.19% and 9.90% respectively.
Tulip Telecom has reported 5.3% fall in consolidated net profit at Rs 77.25 crore for third quarter ended in December. It had posted net profit of Rs 81.61 crore during the October-December quarter in the 2010-11 fiscal.
The company’s revenue during Q3 grew by 14% at Rs 686.6 crore, compared to Rs 602.57 crore the company posted for the same period in Financial Year 2010-11.
The decline in net profit is mainly due to increase in interest rate and depreciation of assets. However, for the nine month period we have registered 8.5% growth in our net profit. EBIDTA margin improved from 28.5% to 29% in the quarter.
The company expects to complete 1,200 km of National Long Distance (NLD) fibre between Mumbai and Chennai on schedule, and return on investment (RoI) after two years.
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