Techncal analyst Anand Rathi maintained ‘buy’ rating on Reliance Communications (RCom) stock with a long term target of Rs 260.
According to Mr. Rathi, interested investors can buy the stock with a strict stop loss of Rs 150.
Today, the company’s shares opened at Rs 170, as against its last closure at Rs 168.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.36 and 20.47 respectively. The share price has seen a 52-week high of Rs 608.85 and a low of Rs 131.35 on BSE.
After rallying for three successive days, the Sensex, on Tuesday (Mar 17), ended the day on a negative note followed by banking, IT and oil & gas stocks.
Among the BSE Sectoral indices BSE IT index remained the top loser, the index declined 2%. Among the other major losers were BSE Bankex index (down 1.6%), BSE Oil & Gas index (down 1.3%) and BSE Teck index (down 1.2%).
After opening at 8,942.01, down 1.53 points, BSE Sensex remained lackluster all through the day. It also hit a high of 9,024.12.
Indian equities on Monday (March 09) ended the day sluggishly on account of continued selling pressure, global weakness as unabated fears over further slump of US and European financial systems continued to weigh down investors response.
Realty, FMCG and realty stocks were the major losers of the day. BSE Realty, which was down by 3.21%, remained top losers among sectoral indices.
Indian stock markets opened strong as the central bank slashed the repo and the reverse repo rate by 50 basis points to 5% and 3.5% on Wednesday.
The 30-share index, BSE Sensex belled the day above 8,500 mark at 8,535.03, up 88.54 points, as against its last closure in which it closed with a gain of 19.20 points (0.23%).
Among sectoral indices, the major gainers list included BSE Realty, Metal and Bankex.
Indian equities, on Friday, maintained an upbeat momentum all through the day, and closed strongly, because of positive global signals, backed by firming trends of Asian markets.
The Sensex closed at 9.634.74, up 168.91 points after touching a high of 9,695.59 and a low of 9,540.60. In contrast, the broad-based NSE Nifty gained 55.30 points at 2,948.35 after hitting a high of 2,969.75 and a low of 2,896.85.
BSE Midcap and Smallcap index rose 1.51% and 0.62% respectively
Techncal analyst Anand Rathi maintained ‘buy’ rating on Reliance Communications (RCom) stock with a long term target of Rs 260. 
After rallying for three successive days, the Sensex, on Tuesday (Mar 17), ended the day on a negative note followed by banking, IT and oil & gas stocks.
Indian equities on Monday (March 09) ended the day sluggishly on account of continued selling pressure, global weakness as unabated fears over further slump of US and European financial systems continued to weigh down investors response. 
Indian stock markets opened strong as the central bank slashed the repo and the reverse repo rate by 50 basis points to 5% and 3.5% on Wednesday.
Indian equities, on Friday, maintained an upbeat momentum all through the day, and closed strongly, because of positive global signals, backed by firming trends of Asian markets.
