Exit Reliance Comm at Rs 80: Malkani

Jagdish Malkani, Member NSE/ BSE is of the view that one can exit Reliance Communication at Rs 80.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset
moneycontrol.com

Home » News » Stocks Views

Mar 14, 2013, 04.34 PM | Source: CNBC-TV18

Exit Reliance Comm at Rs 80: Malkani

Jagdish Malkani, Member NSE/ BSE is of the view that one can exit Reliance Communication at Rs 80.

Like this story, share it with millions of investors on M3

Exit Reliance Comm at Rs 80: Malkani

Jagdish Malkani, Member NSE/ BSE is of the view that one can exit Reliance Communication at Rs 80.

Post Your Comments

Share Cancel

Jagdish Malkani (more)

Member, NSE & BSE | Capital Expertise: Equity - Fundamental

Jagdish Malkani, Member NSE/ BSE is of the view that one can exit Reliance Communication at Rs 80.

Malkani told CNBC-TV18, “ Reliance Communication have got a monumental debt level of some Rs 27,000 crore and counting, so of course that will give some relief. The Anil Ambani Group is very creative in borrowing debt etc. abroad and treasury management but with all that it has been a very poor show. As you know Mukesh Ambani Group is really relatively cheap priced getting into all segments of the telecom space as a big competitor, but you never know if at some stage some kind of a merger or something is on the anvil then the shareholders get some relief. So bottom-line I would still say on a rise to something like around Rs 80 or something one should take the poison pill and come out of Reliance Communication.”

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Exit Reliance Comm at Rs 80: Malkani

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login