Quick Answer: What Is Future Of RCom?

Will Jio buy RCom?

On Monday, the Mukesh Ambani-led company also submitted to the court that it is not interested in acquiring the spectrum or any asset of RCom, owned by Ambani’s younger brother Anil Ambani.

Jio also said it has not submitted any resolution plan to acquire RCom under the Insolvency and Bankruptcy Code (IBC)..

Is it good to buy RCom shares now?

Reliance Communications Limited (NSE: RCOM) As on 11th Dec 2020 RCOM Share Price closed @ 2.40 and we RECOMMEND Buy for LONG-TERM with Stoploss of 1.40 & Strong Buy for SHORT-TERM with Stoploss of 1.15 we also expect STOCK to react on Following IMPORTANT LEVELS.

Will Reliance Communication bounce back?

The small cap stock hit a fresh 52-week low of 4.85-down 10.84%- in trade today after opening at 5.19 in early trade on BSE. However, during the fag-end of the session it stock bounced back, rising 0.74 per cent to close at Rs 5.48. … It is estimated that RCom has been reeling under a debt of over Rs 46,000 crore.

Does Suzlon have a future?

Electricity demand has increased tremendously and is expected to rise in the future too. Renewable energy is emerging as a major source of power in India….Competitors of Suzlon Energy.NameIndowind EnergyMarket Cap. (Rs. cr.)40.38Sales Turnover15.60Total Assets239.6531 more columns

Will Mukesh buy RCom?

New Delhi: Mukesh Ambani, the richest person of the country, is going to buy Reliance Communication under the debt burden. According to sources, the State Bank of India (SBI) has approved the resolution plan of RCOM. … Anil Ambani has a debt of Rs 33,000 crore on RCom. The lenders have claimed 49,000 crores.

Who bought RCom?

Reliance JioReliance Jio last year signed an agreement to buy RCom’s assets including 43,000 telecom towers, 178,000 km of fibre network across the country, and valuable spectrum, for around Rs 25,000 crore.

Is Jio using RCom spectrum?

Reliance Jio’s four-year-old telecom spectrum sharing deal with Reliance Communications (RCom) is not connected with the latter’s past statutory dues that pertain to the period prior to 2016 when Jio wasn’t even in operation, sources close to the company said.

Which share is best to buy now?

Our Advisor’s ChoiceStock NameQtyValueHDFC Bank10011000LIC INDIA10011000INFY10011000Total33000

Why is RIL stock going down?

The sell-off was triggered by the weak second quarter results by the company with the net profit falling 15 per cent to Rs 9,567 crore in the September quarter due to a sharp decline in refining margins to $ 5.7 per barrel and weakness in the retail arm in the wake of the Covid pandemic and lockdown across the country.

Is RCom going to shut down?

Rcom has closed its telecommunications business in 2019 and filed for bankruptcy. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt.

What is the future of Reliance share?

quote is equal to 2005.600 INR at 2020-12-12. Based on our forecasts, a long-term increase is expected, the “Reliance Industries Ltd” stock price prognosis for 2025-12-05 is 3730.030 INR. With a 5-year investment, the revenue is expected to be around +85.98%. Your current $100 investment may be up to $185.98 in 2025.

Is RIL a good buy?

Even after being rated as an overvalued stock, RIL has been among the top picks of investors and analysts with its strong franchises, partnerships and growth plans. Company’s growth prospects have made investors chase the stock post any short-term profit booking.

Will Suzlon bounce back?

Suzlon can bounce back to again become the “darling” of Indian wind power and return to a market-leading position, claimed the turbine manufacturer’s former CEO who left his job earlier this week. … Suzlon was deposed by Siemens Gamesa as market-leader in India in 2019, according to BloombergNEF data.

Can RCom be a multibagger?

Rcom will be multibagger.