Reliance Communications: Can It Reach ₹5.00 If It Holds Above ₹1.00?đĸ Company Overview – Reliance CommunicationsReliance Communications (RCOM) was once a major telecom player in India, operating under the leadership of Anil Ambani. During the mid-2000s, it expanded rapidly across India’s telecom infrastructure landscape.However, due to intense industry competition, rising debt, regulatory pressure, and pricing wars—especially after the entry of new telecom competitors—the company entered financial distress and insolvency proceedings.Today, RCOM trades as a low-priced, high-risk penny stock, attracting speculative traders.
đ Reliance Communications: Can It Reach ₹5.00 If It Holds Above ₹1.00? đĸ Company Overview – Reliance Communications Reliance Communications (RCOM) was once a major telecom player in India, operating under the leadership of Anil Ambani. During the mid-2000s, it expanded rapidly across India’s telecom infrastructure landscape. However, due to intense industry competition, rising debt, regulatory pressure, and pricing wars—especially after the entry of new telecom competitors—the company entered financial distress and insolvency proceedings. Today, RCOM trades as a low-priced, high-risk penny stock, attracting speculative traders. đ¯ Core Statement Analysis “Reliance Communications may go to ₹5.00 if it stays above ₹1.00.” This statement is conditional. It does not guarantee a price target but suggests a technical possibility based on support holding. Let’s break it down logically. đ 1️⃣ Why ₹1.00 Is Important Psychological Support Level Round numbers like ₹1.00 often act a...