Sudarshan Sukhani of s2analytics.com advised holding Reliance Communications. Even one should buy the stock on declines, he added.
Sukhani told CNBC-TV18, “Hold on to Reliance Communications. I have been saying one should actually buy it. Every intraday correction in Reliance Communication is a buy. The rally which we have seen is the beginning of a bull market here. We don’t want to get out soon.”
At 14:45 hrs Reliance Communications was quoting at Rs 109.40, up Rs 4.35, or 4.14 percent. It has touched a 52-week high of Rs 111.85. It has touched an intraday high of Rs 111.85 and an intraday low of Rs 104.85. It was trading with volumes of 13,464,508 shares.