Gold Silver Reports (GSR) – RCom Share Price Surges As Appellate Tribunal Admits Plea Against NCLT Order – Shares of the debt-ridden telecom operator rose as much as 12.94 percent to Rs 16.15 after the National Companies Law Appellate Tribunal admitted Reliance Communications’ plea against NCLT order and will hear on May 29.
✅ NCLT had ordered admitting Reliance Communications to the debt resolution process.
✅ Major lenders and China Development Bank impleaded to appeal proceedings
✅ Lenders, RITL, RTL to oppose NCLT debt resolution
Wabco India Surges After March Quarter earnings
Shares of the Chennai-based auto parts maker rose as much as 6 percent, the most in over three months, to Rs 7,790 after its profit rose in March quarter.
Key earnings highlights:
✅ Net profit up 56 percent at Rs 77.21 crore versus Rs 49.57 crore (YoY)
✅ Revenue up 23 percent at rs 747.86 crore versus Rs 606.17 crore (YoY)
Shares of the companies promoted by Anil Dhirubhai Ambani were trading higher.
Post Updated 12.16 PM
