Analyst's Pick: RCOM
CLSA has maintained its ‘buy’ rating on Reliance Communication after the telecom tribunal upheld the dual spectrum allocation policy.
By ET Bureau |
RCOM
cmp: Rs 218.10
target price: NA
CLSA has maintained its ���buy��� rating on Reliance Communication after the telecom tribunal upheld the dual spectrum allocation policy, allowing RCOM to offer GSM mobile services. ���The firm���s GSM-subscriber ramp-up will make it eligible for incremental spectrum allocation in 1QFY10,��� said a bank report. ���We expect a further boost to its valuation on higher revenue growth after the GSM-rollout builds,��� it said. ���The 16% rally in the share price rally past month reflects the ramp-up of RCOM���s GSM expansions and broad-basing of product offerings,��� it added.
cmp: Rs 218.10
target price: NA
CLSA has maintained its ���buy��� rating on Reliance Communication after the telecom tribunal upheld the dual spectrum allocation policy, allowing RCOM to offer GSM mobile services. ���The firm���s GSM-subscriber ramp-up will make it eligible for incremental spectrum allocation in 1QFY10,��� said a bank report. ���We expect a further boost to its valuation on higher revenue growth after the GSM-rollout builds,��� it said. ���The 16% rally in the share price rally past month reflects the ramp-up of RCOM���s GSM expansions and broad-basing of product offerings,��� it added.
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