Jun 18, 2012, 06.57 PM IST

Rel Comm has good support at Rs 60: SP Tulsian

SP Tulsian of sptulsian.com feels that Reliance Communications may not fall below Rs 60.

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SP Tulsian of sptulsian.com feels that Reliance Communications may not fall below Rs 60.


Tulsian told CNBC-TV18, "I don’t think that much weakness can really be seen in the stock from hereon. You are right that the news of the flaglisting or the expected mobilisation of close to USD 1 billion by the company was seen quite positive. But whatever rally was seen last week was wiped off today because of the general weakness in the market. But I think that investors should really be brave enough to take a long position on the stock at around Rs 62, because I do not expect the share to fall below Rs 60."


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