Hold Reliance Communication, says Malkan

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Hold Reliance Communication, says Malkan

Vishal B Malkan, CMT, www.malkansview.com is of the view that one can hold Reliance Communication.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Vishal B Malkan See what other Experts & Brokerages are saying about Reliance Comm See messages about Reliance Comm

Vishal B Malkan, CMT, www.malkansview.com is of the view that one can hold Reliance Communication .

Malkan told CNBC-TV18, "Investor can hold on to Reliance Communications till it holds the level of Rs 85 because Rs 100 is a very important resistance level. As far as Rs 85 holds one can hold on to it with stoploss of Rs 85."

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 0.41. The dividend yield of the company was 0.53%.