According to BSE data, 72,035,371 shares of Reliance Communications had been dumped to Indian retailers inwards the concluding twelvemonth past times few institutional Funds. In March 2016, the full unwrap of shares held past times retail investors was 221,122,326 which constitutes to 8.92% of the full unwrap of stocks. By March 2017, the count had increased to 293,157,697 which constitutes to 11.82% of the full unwrap of stocks. EUROPACIFIC GROWTH FUND dumped 5,61,98,451 shares too NEW WORLD FUND INC dumped 3,38,19,250 shares. H5N1 loin part of these sells (nearly 7.2 crore shares) were absorbed past times pathetic Indian retailers.
Data Points
1. LIC is belongings 16.46 crore shares of Reliance Communications for a long period
2. Axis securities has continuously given purchase recommendation on Reliance Communications inwards 2016
3. ET reports that Reliance Communications is inwards a tough location every bit it has defaulted on its loan servicing obligations alongside to a greater extent than than 10 local banks. The written report says that roughly banks convey fifty-fifty listed their exposure to Reliance Communications every bit "special refer account". inwards their assets. Special Mention Accounts (SMA) are those assets/accounts that present symptoms of bad property character inwards the get-go xc days itself.
4. Shares of Reliance Communications convey fallen 20% inwards the past times ii weeks later CARE too ICRA downgraded ratings of the telecom operator's bonds due to the pressure level the telcom faces inwards Indian telecom marketplace position too its debt obligation.
5. Promoters convey pledged almost 50% of their full holdings which is quite odd inwards large cap companies
Picture Speaks a Thousand Words
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| Rs 820 to 20!! |
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| Overweight!! |
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| Getting Ready With Another One!! |
Images from: MC, screener.in