See Reliance Comm above Rs 100 in 15-20 days: Tulsian

SP Tulsian of sptulsian.com expects Reliance Communications to move into three digits in next 15-20 days.

Tulsian told CNBC-TV18, "We have been seeing the delivery based buying happening in Reliance Communications (RComm) for last one week and that indicates the bunch of deals likely to happen largely to pare the debt of the company. I will not be surprised to see the developments start building up on the Reliance Infratel also apart from the Reliance Globalcom."

"From Reliance Globalcom, the company can mobilize about Rs 6,000-6,500 crore and from Reliance Infratel it can mobilize about Rs 12,000-13,000 crore. And if that amount gets utilized either for paring their debts that will be seen quite positive and still we can expect the stock to move to three digits in next 15-20 days," Tulsian added.

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