Interested to put in money in Reliance Communication stocks? Good news for investors of this company’s stocks is underway. Thanks to Morgan Stanley upgrading the company’s shares from ‘equal weight’ to ‘overweight’! The upgradation follows from the company’s fibre optic network sharing deal with the telecom division of Reliance Industries amounting to 12 billion rupees. Fiscal 2014 earnings for Reliance Communication, as a result of the deal, have been estimated by the investment bank to rise by 125 percent.
Further deals for the company are underway, which is again positive for investors at large. Though valuation would turn attractive yet cautiousness should be the mantra for intraday traders of the stock. Ebb and flow of the market affects all stocks listed in the NSE and BSE and this company’s stocks are no exception.
The Mumbai headquartered broadband and telecommunications company ranks second in India in its segment besides ranking 14th in the world in mobile telephony. Over 150 million subscribers are availing its services. A decade of market presence saw the company operating in five segments, viz. wireless, broadband, national and international long distance, investment, and customer care which also includes DTH activities. Going by the last 52-week performance statistics, Reliance Communication share price on NSE was perched lowest at Rs. 46.55 and highest at Rs. 91.85.
Following stock recommendations from web may at times turn to your favor or vice versa. Getting registered at a reliable news portal, one that publishes up-to-the-minute relevant market news and displays up-to-the-second stock charts may enable the investor take wise buying and selling decision. Market experts have high hopes for stocks of Reliance Industries. A positive recommendation is what majority of the analysts suggest. Temporary downtrends do happen and even the best performers get negatively affected and this conglomerate is no exception.
For the long term, this…