Monday, 1 January 2018

Stocks of Tata Communications (Reliance Communications) due to profit recovery

Reliance Communications has seen a decline in its share price after four consecutive days of strong growth.
After climbing more than 100% in the last four sessions, the pressure of profits in Reliance Communications today can be clearly seen. Reliance Communications shares in BSE are trading at Rs 37.45 with strength of Rs 36.22 against the previous closed level of Rs. But due to the sharp decline, it collapsed to the lower level of Rs. 33.60. However, after that it has made a slight comeback. At around 1200, the shares of the company are trading at a price of Rs. 35.50 with a weakness of 0.77 rupees or 2.13%. 

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