Stock market analyst Salil Sharma is of the view that investors can buy Reliance Communications Ltd with an intraday target of Rs 201.

According to analyst, the interested investors can buy the stock with stop loss of Rs 189.

Today, the shares of the company opened at Rs 194.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 319.70 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 24.12 and 7.93 respectively.

According to reports, GTL Infrastructure and Reliance Infratel are making discussions to amalgamate their tower functionings.

The said deal will be executed via a demerger of Rel Infratel's tower assets into GTL Infra.

Tower assets owned by Reliance Infratel will be demerged into GTL Infra.

Reliance Communications Ltd (RCOM) has also made announcement that it will get hold of Digicable, India's biggest cable TV service provider.

The novel unit, Reliance DigiCom, will incorporate RCOM's DTH, IPTV and retail broadband processes with Digicable.