A recent Kotak report has put an underperformer rating on Reliance Communications. The report says that the stock is overvalued given the potential slowdown in the industry in future and aggressive price competition. Kotak has projected a target price of 375. The only factor that will drive the stock price north is profitability margin. Need to keep a tab on this scrip.
January 12, 2007...2:25 am
Reliance Communications – Underperformer
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January 28, 2007 at 6:25 pm
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