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Jun 18, 2012, 06.57 PM IST
SP Tulsian of sptulsian.com feels that Reliance Communications may not fall below Rs 60.
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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