Reliance communication has maintained its profit margin at top class.

It is said that the telecom sector will develop at the rate of 26% for next 4 years. Definitely, RCOM is the best bet in telecom segment. Yesterday, the RCOM stock marked its closure at Rs 678.00, up 0.6%.

Presently, the stock is on its weak side at Rs 673.00. Those who want to reap gains from intraday trading can purchase this stock with a stop loss at Rs 668, to attain a target of Rs 696-70.

Today, Anil Dhirubhai Ambani Group (ADAG) has also announced that it would establish a business process outsourcing (BPO) centre in Tirupati, Andhra Pradesh. The company will invest Rs 1.5 billion on the proposed facility to come up on a 16 acre plot. It will employ about 1,400 people.

This BPO unit is a part of a series of BPO units planned by the company.

The group is also setting up an IT park in Tamil Nadu with an investment of more than Rs 20 billion.