Buy Reliance Communication on dips: Monal Desai

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Buy Reliance Communication on dips: Monal Desai

Buy Reliance Communication on dips, says Monal Desai, VP Head Institutions Derivatives, Prabhudas Lilladher.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Monal Desai See what other Experts & Brokerages are saying about Reliance Comm See messages about Reliance Comm

Buy Reliance Communication on dips, says Monal Desai, VP Head Institutions Derivatives, Prabhudas Lilladher.

Desai told CNBC-TV18, "Reliance Communication seems to be correction around Rs 88-89 should be a decent support over there. So if it halts over there, we could buy into that dip at Rs 88-89. Besides that I don't have any other view on other stock in the telecom space."

The company's trailing 12-month (TTM) EPS was at Rs -3.67 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was -. The latest book value of the company is Rs 233.26 per share. At current value, the price-to-book value of the company was 0.4. The dividend yield of the company was 0.54%.