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Indian Stock for investment for Patient Investors

Posted By On 12:00 PM Under

1. Reliance communication is a stock which is likely to surpass the Bharti Airtel in short time as it has recorded cumulative 8.3 million wireless users in the first two months of its pan-India GSM foray and is threatening the Bharti airtel subscriber base.

2. It will be able to add subscribers at the rate of 2.5 million per month as compared to Bharti airtel 2.2 million per month. Reliance communication has a debt of Rs 266 billion debt in FY10. Though debt is high but it will yield good returns for a patient investor as mobiles have only penetrated to the tune of 4% of the total population.

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