I'm looking at Reliance communications for a long term investment. If it can return to it's highs, it has a lot of upside. Any reason why it isn't moving as fast as other companies in this last run up? Brokers are recommending it as a strong buy, is it that sales are down? Profit seems to be up anyway.
Gone from 362 down to 253 in 2 months. What is the bad news driving this if any?
I thought that the 3G auctions were happening this month, will Rel comm get involved, will this drive the price up, or in the short term down due to costs?
Thanks in advance.
Gone from 362 down to 253 in 2 months. What is the bad news driving this if any?
I thought that the 3G auctions were happening this month, will Rel comm get involved, will this drive the price up, or in the short term down due to costs?
Thanks in advance.