Archive for May, 2008
Buy Reliance Comm, tgt Rs 706: Prabhudas Lilladher
Prabhudas Lilladher has mainatained its buy rating on Reliance Communications with a target price of Rs 706 in its May 14, 2008 research report. “Rcom has guided for a potential market size of USD 275 billion for its global assets, which will be offering a diverse portfolio of global communication business services, including global voice, managed network, carrier ethernet and fibre capacity businesses. Total investments in Reliance Globalcom stands at USD 2.75 billion at the end of FY08. Reliance Infratel aims to increase its tower portfolio to 70,000, thus enabling it to have 280,000 slots by FY10.”
“With favourable regulatory developments in the last couple of quarters, we believe Rcom is in a sweet spot. At the CMP of Rs 559, the stock trades at a PER of 14.2x and at an EV/EBITDA of 9.8x FY10E earnings. Unlocking value in Reliance Globalcom and Reliance Infratel could be key catalysts in the next 6-12 months. Maintain BUY,” says Lilladher’s research report.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read Full Post | Make a Comment ( 7 so far )Hold Reliance Petroleum: Bose
Technical Analyst, Rajat K Bose is of the view that unless Reliance Petroleum falls below Rs 165, it stays below that one can continue to hold expecting a bounce back. But the bounce back and the upswing would be confirmed only if the stock stays above Rs 187. But no fresh buying here unless it goes above Rs 187.
Bose told CNBC-TV18, “If one has a longer-term horizon then I would suggest that one can continue to hold on especially both RNRL and RPL where the long-term prospect maybe good and we see consolidation on the charts.”
He further added, “For RNRL unless and until one see decisive fall below Rs 97-98 levels, one can continue to hold on to this stock expecting that it will pickup. But if one has picked up above Rs 200 levels then I would say one will have to wait for very long time before the stock reaches there.”
“Regarding RPL, I would say that before it moved up in the recent past to about more than Rs 200 level; one would have seen that between Rs 145 and Rs 176 it consolidated for nearly three months and now it’s already within the consolidation zone. Now unless it falls below Rs 165, it stays below that one can continue to hold expecting a bounce back. But the bounce back and the upswing would be confirmed only if the stock stays above Rs 187. But no fresh buying here unless it goes above Rs 187.”
Disclosure: Analyst does not have a personal holding in any of the stocks discussed.
Source:http://www.moneycontrol.com/india/news/stocks-views/hold-reliance-petroleum-bose/14/11/338090
Read Full Post | Make a Comment ( None so far )SEBI clears Reliance Infratel IPO
New Delhi: Market regulator SEBI is understood to have cleared the initial public offering (IPO) of Anil Ambani group firm Reliance Infratel.
Reliance Infratel is the telecom infrastructure division of Reliance Communications Ltd.
According to sources, Reliance Infratel would offer 10 per cent equity to the public valued at Rs 5,000-6,000 crore.
Source:http://finance.indiainfo.com/2008/05/15/0805151147_reliance.html
Read Full Post | Make a Comment ( 1 so far )Enter in Reliance Petroleum at Rs 145: VK Sharma
Enter in Reliance Petroleum at Rs 145: VK Sharma
Moneycontrol.com – Mumbai,India
VK Sharma, Anagram Stock Broking is of the view that one can enter in Reliance Petroleum at Rs 145 odd. Sharma told CNBC-TV18, “Till the time RPL commences …
Reliance Petroleum has strong base at Rs 160: Bhambwani
Reliance Petroleum has strong base at Rs 160: Bhambwani
Moneycontrol.com – Mumbai,India
Technical Analyst, Vijay Bhambwani is of the view that for Reliance Petroleum Rs 160 would be a fairly strong base at this point in time. …
Sensex tumbles on drop in industrial production
Sensex tumbles on drop in industrial production
Sify – Chennai,Tamil Nadu,India
State Bank of India, Mahindra & Mahindra, Larsen & Toubro and Reliance Industries have also posted sharp losses. Reliance Communications, Infosys …
Reliance Comm planning JV with Alcatel-Lucent: source
Reliance Comm planning JV with Alcatel-Lucent: source
Reuters – USA
2 mobile operator, Reliance Communications (RLCM.BO: Quote, Profile, Research), may announce a network management joint venture with French-American …
A Chakraborty positive on Reliance, RPL
A Chakraborty positive on Reliance, RPL
Moneycontrol.com – Mumbai,India
Chakraborty told CNBC-TV18, “We have covering on the oil marketing companies including Reliance. Friday we have seen that purely based on apprehension and …
« Previous Entries