According to SP Tulsian of sptulsian.com, one may sell Reliance Communications above Rs 150 with a short term view.
It will take a long time for Reliance Properties to actually monetise the assets because of its sheer size. RCOM is trading above 10 percent today on the back of its assets being about 50% of its current valuations
Reliance Communications' shareholders will be allotted Reliance Properties shares for free in the ratio of 1:1. Reliance Properties, which is valued around Rs 10,000-12,000 crore, is likely to get listed within next three months.
Reliance Communication will demerge its real estate business into a separate listed company called Reliance Properties in an effort to unlock value of its headquarters