It started in 2008 and hasn’t ended yet; the RCom shares have been declining endlessly. Three years back on 7th March, the equity closed on BSE at Rs.543.35 while today’s closing is at Rs.90.05. This means it has fallen more than five times.
Yes, I still recommend this stock.
Why?
…because now is the right time to get into this stock. You certainly don’t need to hurry and make a lump sum investment. You should accumulate this stock at every low level (90-85-80-75); also it should be a pyramid investment (less at high and more at low). Forget about Rs.200 on this stock, even if you get Rs.120 in a year; you will get more than 30% return.
Remember...
It is a high risk investment, so don't look at it if it is not your cup of tea.
Dear sir please give me reason for buying stock bcoz bottom fishing is not possible this stock
ReplyDeletein my view it may be down to 45 rs in next 3 months whats your view sir
reply me
Within 1-1.5 years RCOM will be back at Rs 800 as all the no-wise investors are already sold their stakes dead cheap and there aren't much stock left in the public hands.
ReplyDeleteDear Reader,
ReplyDeleteI accept that RCom has potential of falling further and that is why I have mentioned the levels from Rs.90 to Rs.75 for accumulating RCom shares. There is no trigger in this stock except for the fact that in near future RCom will try to reduce their debt; it will decrease their recurring interest cost and finally make their balance sheet healthier.
Yes, if you are not comfortable with the current price and think that the stock will fall to Rs.45 then you should wait for Rs.45.