Stock market analysts have suggested short-selling in Reliance Communications
Ltd (RCom) stock.
Shares of the company, on Wednesday (Sep 24), closed at Rs 370.35 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 2183918. Current EPS & P/E ratio stood at 10.16 and 35.86 respectively. The share price has seen a 52-week high of Rs 844 and a low of Rs 325 on BSE.
Due to the recent stock market position, interested traders are recommended to sell the stock around Rs 372. After selling the stock at the said price, traders can buy it around Rs 365 to make intraday gain.