Reliance Communications is a part of Reliance Communications Ventures (RCoVL) along with sister combinations namely Reliance Telecom and Flag Telecom. Earlier it was known as the Reliance Infocomm. Reliance Communications is an Indian Telecommunications Company managed and controlled by the famous Anil Dhirubhai Ambani Group. It was founded in the year 2004 and is a pioneer in Indian modern communications scenario. Mr. Anil Ambani is the chairman cum managing director of the Reliance Communications. Its headquarters are located in Navi Mumbai, Maharashtra, India. Its industry portfolio is telecommunications, wireless and telephone. Products include internet and television. As per the latest data a massive figure of 33,000 employees is supporting the functioning of the Company.
As per 2008 annual reports, total revenue earned by the Reliance Communications is $ 4.26 billion with an attractive net income of $ 1.35 billion. Its total asset value stands at staggering $ 19.31 billion.
According to data obtained from National Stock Exchange of India, present MD cum Chairman Mr. Anil Ambani holds 66.77 percent of the company amounting up to 1.36 billion shares.
Reliance Communications is of the several companies under Anil Dhirubhai Ambani. It is using GSM – 900/GSM – 1800 technology for its existing services. The same technology has been used in its newly launched GSN services too. For its CDMA mobile services, it is using CDMA2000 1X technology. In India the company has the largest optical fiber communication backbone architecture which is approximately 110,000 kilometres. Of late it has entered into the entertainment segment too which is a big market itself. It has successfully launched BIG TV and BIG ENTERTAINMENT. On the 30th December 2008, Reliance became the first telecommunications company in India to operate in both CDMA as well as GSM technologies.
A huge portion of Indian people feels proud to identify them with Reliance thus increasing its brand value several times. A few years back the company shares gave amazingly high returns to short term traders. It has attracted many to invest in it for long term benefits. People who have very little knowledge to buy or sell shares are also interested to gain some profit from the growth story of Reliance Communications. So, they are relying upon expert tips and analyses.
Tags: Reliance Communications, Reliance Communications Report, Sell Reliance Communications, Tips Reliance Communications
Sell Reliance Communications with a target of Rs 1034 and stop loss of Rs 999, says Kiran Jhadhav, technical analyst, on CNBC Awaaz, as closing market
Sell Reliance Communications with target of Rs 150-146 and stop loss of Rs 165, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 158.40, down 1.3% on the BSE.
Sell RCom with target of Rs 150 and stop loss of Rs 170, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 162.50, down 1.5% on the BSE.
Sell RCom with a target of Rs 165 and stop loss of Rs 176, says Trade Swift Broking, on CNBC Awaaz, as closing market strategy.
Hold Reliance Communications with a target of Rs 190 and then Rs 225 and stop loss of Rs 170, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 180, down 0.66% on the BSE.
Buy Reliance Communications with target of Rs 190 and stop loss of Rs 173, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 179.80, up 0.4% on the BSE.