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Reliance Communication

By Sudarshan Sukhani 

Thursday, April 4, 2013

Sudarshan Sukhani is bullish on Reliance Communication and has recommended buy rating on the stock with a target price of 63.65.

Reliance Communications is engaged in the business of providing telecommunications services. The Company’s operating segments include wireless segment which offers code division multiple access (CDMA) and global system for mobile communications (GSM) based wireless services on a nationwide basis; the Global and Enterprise segment offers the comprehensive portfolio of Enterprise, IT infrastructure, national and International long distance voice, video and data network services on an integrated and scalable platform; telecom infrastructure segment owns 190,000 route kilometres of optical fibre network and, its Home segment it offers Direct-To-Home (DTH) digital Television (DTH).

At present it is trading at 63.60. Its 52 week high is 91.85 and 52 week low has been 46.55. It's average trading volume is  14,616,654.