Is it good to buy RCOM shares now?
As on 8th Jul 2022 RCOM SHARE Price closed @ 2.20 and we RECOMMEND Buy for LONG-TERM with Stoploss of 2.17 & Strong Sell for SHORT-TERM with Stoploss of 2.59 we also expect STOCK to react on Following IMPORTANT LEVELS.
What was the highest share price of RCOM?
PRICE(In Rs)
| OPEN | HIGH | CLOSE |
|---|---|---|
| 11.70 | 11.85 | 11.65 |
| 11.56 | 11.80 | 11.63 |
| 11.70 | 11.90 | 11.60 |
| 11.84 | 11.89 | 11.61 |
Why is rcom bullish?
Today, the price action took the prices to the previous support level of 47.45 where the buyers entered in the market and took the prices up again to close to day’s open. It formed a bullish hammer that indicates rejection of lower prices and high buying pressure.
Who is going to buy Reliance Communication?
During 2020, a consortium of companies is bidding upwards of $200 Million USD to buy the assets of Reliance Communications. Members of the consortium include NKV Krishna’s White Lotus Group, Mukesh Ambani’s Reliance Group, Bharti Airtel, UV Asset Reconstruction (UVARCL) and US-based Varde Partners.
What is latest news of RCom?
RCom hits lower circuit after DoT refuses to renew licence Shares of Reliance Communication tanked 5 per cent, its daily circuit limit, to Rs 3.36 on Tuesday. However, the counter settled at Rs 3.53 on Monday. BSE Sensex was trading at 52,961.90, up by 81.9 points or 0.15 per cent at the time of writing this report.
Will Mukesh Ambani buy RCom?
Finally, Mukesh gave the helping hand and agreed to buy the RCom assets. Jio had announced a Rs 23,000-crore deal in December 2017 and completed the purchase of media convergence nodes and fibre for Rs 5,000 crore.
What is the status of RCom?
Delhi High Court orders no coercive action in the RCom matter. Hearing the petition, Delhi HC has directed the banks to maintain the status quo and no coercive action till the next date of hearing. The next date of hearing is 13 January 2021.
How many companies does Anil Ambani have?
The company, which was formed after Dhirubhai Ambani’s business was divided up, is headed by his younger son Anil Ambani. Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Home Finance and Reliance Health.
Why did Anil and Mukesh split?
When Mukesh and Anil Ambani’s father, Dhirubhai, died in 2002 without a will, a bitter feud erupted between the brothers – often spilling into very public rows. Eventually their mother, Kokilaben, stepped in and brokered a truce between the two. The solution was to split the family business.
Who is owner of RCom?
Reliance GroupReliance Communications / Parent organization
What does Nr mean in Reliance Communications stock rating?
This score is on a 10 point scale (1 is lowest and 10 being the highest, NR indicates No-rating is available) You can access 4000+ Stock Reports with ET Prime. Know More Reliance Communications… Company has posted a loss of Rs 1624.0 cr for the 4th consecutive quarter. (Source: Consolidated Financials)
Where is reliance Comm listed on the stock market?
Reliance Comm is in the Telecommunications – Service sector. It is listed on the BSE with a BSE Code of 532712 and the NSE with an NSE Code of RCOM.
Is it a good time to short a RCOM stock?
RCom is overbought and can remain overbought for longer, but its a good short candidate now for a target of 26-27. Stop Loss 42.00. Shorting in Futures is highly risky.
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