RCom: Relief rally
After being severely beaten down, the stock of Anil Ambani-led Reliance Communications (RCom) has been on a roll for the past few weeks. This was on speculation that the company was making headway on plans to cut down its massive debt of about ₹45,000 crore. Last week, concrete progress on this front saw the stock surge 45 per cent. On Tuesday, the company announced its exit from strategic deb...
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