R.Com : Buy call at cmp 215

by khalid on 22/04/2009 · 0 comments

CLSA has maintained its ‘buy’ rating on Reliance Communication after the telecom tribunal upheld the dual spectrum allocation policy, allowing RCOM to offer GSM Mobile services. “The firm’s GSM-subscriber ramp-up will make it eligible for incremental spectrum allocation in 1QFY10,” said a bank report. “We expect a further boost to its valuation on higher revenue growth after the GSM-rollout builds,” it said. “The 16% rally in the share price rally past month reflects the ramp-up of RCOM’s GSM expansions and broad-basing of product offerings,” it added.

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