BNP Paribas raises Reliance Comm to buy

BNP Paribas on Friday raised its rating on Reliance Communications, India's second-largest mobile operator, to buy from reduce, saying the company's valuation was below the replacement cost of assets.

January 07, 2011 / 10:52 IST

26 Aug, 2025 12:21

Volume

Todays L/H

BNP Paribas on Friday raised its rating on Reliance Communications, India's second largest mobile operator, to buy from reduce, saying the company's valuation was below the replacement cost of assets.

The brokerage said industry tariffs were stabilising and coupled with 3G data revenues could support earnings.

Reliance Communications shares had fallen more than 16% in 2010, while the main stock index rose 17.4%.

first published: Jan 7, 2011 09:53 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347