SPICE COMM share price may rise today

Thebullishtrends: Spice Communications share price closed on Friday at Rs. 34.50. Spice Communications, is a leading GSM Mobile service operator, offers GSM services in Punjab and Karnataka, announced net profit of Rs 399.92 crore for the third quarter period for this financial year as against net loss of Rs 13.89 crore during corresponding period last fiscal. The gross quarterly revenue for the period October-December 2007 increased to Rs 725.35 crore as against Rs 213.35 crore during the corresponding period last fiscal, registering a growth of 240 per cent.

The company has reported an annual revenue of Rs 1473.88 crore for the calender year 2007 as against Rs 832.35 crore for the previous year, registering a year-on-year growth of 77 per cent.
Due to this Spice Communications turned up and it has shown very good balance sheet for the last quarter, share price closed on Friday at Rs.34.50 there is a possibility of rise in share price today.