Sell RCom
Stock market analyst Rahul Mohinder is of the view that investors can sell Reliance Communications Ltd (RCom) stock in today's session.
According to him, sell RCom stock, which is breaching Rs 162, can slide 8-10 per cent.
If the stock fell below Rs 156, it may see more weakness.
Today, the stock opened at Rs 165 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 359 and a low of Rs 155.50 on BSE.
Current EPS & P/E ratio stood at 24.12 and 6.81 respectively.
After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.
RCom has rolled out a mobile jockey portal, which will offer up a common platform for phoners to share their opinions with someone live, on-air.
They can also heed songs of their preference.
The portal will be equipped with a number of chat subjects like celebrity talk, latest styles, wedding, education and food recipes.
RCom, on April 28, signed up a deal with GetJar, the world's second biggest mobile application.
The GetJar coalition is part of RCOM's approach to provide a wide-ranging Apps Store service to its users.
As per the deal, around 100 million users of RCom will get access to GetJar's list of more than 65,000 free mobile apps. RCOm will provide the GetJar Apps Store across GSM and CDMA networks.