Thursday, May 05, 2016

Reliance Communications Ltd: Buy
CMP: Rs.54.20

This is the first step of Reliance Jio's soft launch and it could be the turning point for Reliance Communications too.

Moreover, RTN Asia reported that Reliance Communications has upgraded its 4G network in 9 circles, with a data offer of 10 GB. This is likely to drive up data traffic for Reliance Communications.

Therefore, buy or average the shares of Reliance Communications at around the support of Rs.54.20-54.30, for short term Target's of Rs.59-60.
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