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.
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Read Full Post | Make a Comment ( 7 so far )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 …
Alcatel-Lucent gets a major deal from Reliance Communications
Alcatel-Lucent gets a major deal from Reliance Communications
TechWhack (press release) – New Delhi,Delhi,India
Anil Ambani group owned telecom company Reliance Communications has given a huge deal worth around 400 million dollar to Alcatel-Lucent. …
Reliance to Offer Inter Bank Money Transfer Services Across 110 …
Reliance to Offer Inter Bank Money Transfer Services Across 110 …
By Harshil Karia
Reliance Globalcom, the international arm of Reliance Communications, is planning to launch a global backbone to enable international inter-bank transfer on mobile platforms across 110 countries reports Business Standard. …
Alcatel-Lucent gets a major deal from Reliance Communications
Alcatel-Lucent gets a major deal from Reliance Communications
By newsman
Alcatel-Lucent gets a major deal from Reliance Communications Anil Ambani group owned telecom company Reliance Communications has given a huge deal worth around 400 million dollar to Alcatel-Lucent. This deal is for Network Managed …
India Inc’s interest costs rise 81%
India Inc’s interest costs rise 81%
Economic Times – Gurgaon,Haryana,India
Similarly, Reliance Communication saw costs rising by 372% to Rs 328 crore while Idea Cellular’s interest burden rose by 57% to Rs 120 crore. …
Reliance Communication – Bol India Bol – TV Commercial
Reliance Communication – Bol India Bol – TV Commercial
By Abhishek Goyal(Abhishek Goyal)
Reliance Communication – Bol India Bol – TV Commercial.
Indian Top Stock: Buy Reliance Communication (RLCMY:OTC)
Indian Top Stock: Buy Reliance Communication (RLCMY:OTC)
By support@todaysfinancialnews.com (TodaysFinancia…
Baltimore — (TFN): Despite the global downturn, Indias economy is growing and its middle class is expanding rapidly. Material Profits‘ Chris DeHaemer reveals why he thinks Reliance Communications is in a unique position to profit. …
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