RCom surges on introducing Android based Reliance 3G Tab

Reliance Communications Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532712 | NSE: RCOM

10 Aug 2011 Evaluate

Reliance Communications (RCom) is currently trading at Rs 85.90, up by 2.00 points or 2.38% from its previous closing of Rs 83.90 on the BSE.

The scrip opened at Rs 87.25 and has touched a high and low of Rs 88.00 and Rs 85.60 respectively. So far 969691 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 188.50 on 14-Oct-2010 and a 52 week low of Rs 74.65 on 07-Mar-2011.

Last one week high and low of the scrip stood at Rs 101.85 and Rs 82.85 respectively. The current market cap of the company is Rs 17317.19 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 17.32% and 14.22% respectively.

Reliance Communications (RCom), India’s second-biggest mobile carrier entered into tablet computer segment with the launch of Android operating system-based Reliance 3G Tab for Rs 12,999. The company will offer the tablet with discounts of up to 50% on the monthly and annual data plans. The Reliance 3G tablet has a 7-inch touch screen with Android 2.3 OS. The device has 512 MB RAM and a micro SD external storage which can support up to 32 GB data storage card.

The company expects the unmet demand of a fully-loaded tablet at an aggressive price point, which will now fuel the aspirations of the evolved customers. Rcom has 3G network across 333 towns in 13 circles.

Reliance 3G Tab is being launched today in Mumbai, Delhi and Kolkata and will be available in Reliance World and Reliance Mobile stores across the 13 circles in the next few days, where company has 3G network.