Hold RCom With Stop Loss Of Rs 85
Technical analyst Kunal Saraogi has maintained 'hold' rating on Reliance Communications Limited (RCom) stock with a stop loss of Rs 85.
According to analyst, the investors can exit on rally to around Rs 92.
The stock of the company, on March 01, closed at Rs 158 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 204.75 and a low of Rs 87.45 on BSE.
Current EPS & P/E ratio stood at 11.19 and 7.97 respectively.
Country's major telecommunication provider RCom has rolled out 3G services in Kashmir.
The company has already launched its 3G services in the national capital, Mumbai, Kolkata, Chandigarh, Punjab, Jammu and Rajasthan.
RCom has launched 3G services in around 100 days of bagging 3G spectrum in the major metropolitans of the country.
RCom (Jammu and Kashmir) Wireless Business Circle Head Ataul Haque stated, "Launching of 3G capabilities in Kashmir, is an integral part of our Vision 2015 of creating a â€˜Wirefree Indiaâ€™ built upon the â€˜affordable 3G for Allâ€™ platform. Personalisation of services, simplification of tariffs and a content rich portfolio on the â€˜Best in Classâ€™ 3G wireless network will enable Reliance customers to get a much superior 3G service experience, significantly differentiated from others in the marketplace."
Reliance 3G network has been devised to provide blanket coverage in each town being linked up, with all its 3G sites connected via IP backhaul to offer highest download speeds and minimum reaction time.
The world class Reliance 3G network is able to provide maximum speed upto 21 Mbps.
In addition, Tanla Sol signed a deal with RCom for offering up 3G mobile portal.