Reliance Communications Ltd
RCOM

37.45

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

37.40

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

37.30

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Reduce
Reco. Price
Rs 38.10
We recommend reduce on the stock due to lack of revenue visibility. This is due to high competition in data business. Further, RCOM-Aircel deal and low revenue market share (RMS) are key concerns. The stock is trading at EV/EBITDA of 7x in FY17E. (Target Price- Rs.35.8)
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50 DMA (.)
34.77
100 DMA (.)
36.26
200 DMA (.)
42.77
Weekly Range (.)
37.15
39.75
Monthly Range (.)
33.75
40.10
52 Weeks Range (.)
30.60
60.45
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