Why Reliance share is the trendiest amongst all?
Whether reliance touches upper circuit or lower circuit its always the trendiest share among all other shares in the market.
Why Reliance Communication (Rcom) is touching 20% upper circuit?
Is it out of danger zone now?
The answers are yet to be figured out.
Since the government announced 100% foreign direct investment (FDI) under automatic route in telecom sector has resulted the quick hike in price of shared related to the same sector. Analysts are speculating that Rcom would be the first one to come out of penny stock image and would produce back-to-back upper circuits.
Will Reliance Capital (Rcapital) be DHFL part 2?
Should we still keep investing in Rcapital or stay away from the dear one share?
Reserve Bank of India (RBI)’s plea of insolvency proceeding against Rcapital is accepted by The National Company Law Tribunal (NCLT) and also the Reliance board’s warm welcome to this step gave trust to investors that their interest is taken care of. It has an intention to resolve the debt issue and would support in all possible ways to help government. Analysts believe that there is a huge potential in this group and would show some gain to long time waiting retail investors.
It would be too early to comment anything now. It looks wait and watch situations for big investors but as usual retail investors just go with the flow.
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