Is it good to buy RCOM shares?

Can rcom grow?

Forecast Cash Runway: RCOM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.3% per year.

Can we do intraday in RCOM?

Currnetly Stock Tips of RCOM are only for daily & Intraday use and has no relation with Fundamentals or Stock Market News.

Who is owner of RCOM?

Will Jio takeover rcom?

On December 3, the National Company Law Tribunal’s (NCLT) Mumbai bench had cleared Jio’s resolution plan to pick up the tower and fibre assets of RCom – housed under Reliance Infratel – for under Rs4,000 crore which would have gone to the lenders.

What will happen with RCOM?

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 RCOM stock?

As on 7th Oct 2021 RCOM Share Price closed @ 3.30 and we RECOMMEND Buy for LONG-TERM with Stoploss of 2.36 & Buy for SHORTTERM with Stoploss of 3.05 we also expect STOCK to react on Following IMPORTANT LEVELS.

Is RCom closed?

Anil Ambani-promoted Reliance Communications (RCom), which is now bankrupt, will now undergo liquidation, unless the Supreme Court overturns the National Company Law Appellate Tribunal (NCLAT) order. … The NCLAT had passed the order in the ‘Aircel versus the Department of Telecommunications (DoT)’ legal fracas.

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Can 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).

Can RCom recover?

While 38 lenders of RCom will recover about 70 per cent or ₹23,000 crore of their outstanding ₹33,000 crore of secured debt through the proposed insolvency process, the problem is that the company also owes around ₹25,194 crore to the Government in the form of AGR dues.

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