Buy Reliance Communication
currently trading:- 192.50
target:- 250-300
Duration :- 6 months
There is foing to be a merger plan with GTL infrastructure with GTL currently trading at 45 and news buzzing that reliance communication holder will get 3 shares of GTL which means already 120odd rs extra as of current valution of GTL and in coming days GTL is bound to go higher which may account upto 150 for three shares.So if seen at current levels also reliance capital is avilable at merely 70 odd rs by adding three shares of GTL at current valuation which is really very cheap when you are geting relaince brand that too in telecom sector,minimum avg price which reliance would put for its own share would be more than 100 minimum after removing the valution of 3 shares of GTL,so i am basically expecting reliance communication itself to be minimum 150+ indivisually,be bulish on this stock and accumulate as much you can at 200 levels also.
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