Thursday, May 19, 2011

RELIANCE COMMUNICATIONS LTD.

Reliance Communications Ltd. has a market cap of around Rs.17k Crores and is available at a P/BV of less than 0.5! It had investments of around Rs.31k Crores as of March 2010 and has earned Rs.5 per share in the last 9 months. It is weak technically. Can reach Rs.100 in a years time. What do you think?

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