Sunday, September 04, 2005

Reliance Infocomm - Buy

Reliance Communication Ventures - The Reliance group holding company for Reliance Infocomm, Reliance Telecom, FLAG, Reliance Communication Infrastructure Ltd and all other Telecom related ventures will be automatically listed on the stock exchanges soon.

Ambani brothers have valued it at Rs. 32 per share for their family settlement but it s worth much more. My target price for the same is Rs. 250 in 24 months from now. I believe it will list somewhere around Rs. 100 when it get listed. Oppurtunity to make 2.5 times in 2 years ...not bad isnt it.??!!

My suggesting buy as many shares of RCV as you can afford at any price below Rs. 100 and sleep over it for 2 years. I am open to the idea of sharing or risk and return if anybody is interested - interested??

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