RCOM price crashed from 17.45 (High 2nd Nov) to 9.65 (low 16 Nov) because of default in interest payments of bonds, this I can understand, this is due to financial stability. Then suddenly recovers & closes at 12.00 (16 Nov). How come the financial stability changes in few hours, even Ambani has given some assurance ? That means the the real reason behind the crash is not default. I don’t believe if they say they don’t have money to repay, where they can build Antalia & don’t stay there. So kind of a legal scam ?
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Tag the question please.
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Anatlia is Mukesh Amabani, Rcom is Anil Ambani - Different brother from the same mother. Is there rule which says that a shitty stock should not recover after there is neagative new event?
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Hahaha… Warren Buffet would say “Buy in bulk now” 
Didn’t get what you meant? 
The famous quote of Warren Buffet: “The lower stocks go, the more i buy”.
In stock markets, if prices can come down, it can go up again 
I think you have misunderstood the concept. This is applicable only for quality stocks and not for fundamentally poor stocks like Rcom. You can’t load up on a stock that is about go bankrupt.
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Are you sure it will go bankrupt… The company is just re-positioning its business (the way i see it)…they already said focus would be on 4G as they are shutting 2G.
If you looked closely there was massive selling by the bears which actually pumped up the stock price.
well @Bhuvan you would save a lot of time yourself 
if questions are not allowed to post if ppl are selecting category as uncategorized
Let me educate you a little about the how beautufilly F****** up Rcomm is and @iSTFF can back me up here.
- Interest coverage is negative, meaning no paisa to pay up debts. Currently stabds at about -0.6%.
- The debt which stood at about 8000 odd crores stands at 45000 crores today. Even if they sell of their assets to pay up, they’ll lose their footing turning it into a bit part player in the telecom industry. It’s debt is over 7 times EBITDA.
- As per the repayment schedule in FY18 it owes 8102 cr, 8366 cr in FY19. Unless Anil Ambani has a magic hat from which he can pull out money, I don’t see a scenario where things work out well for Rcomm.
- It’s Q2 loss alone was about 2700 cr with total income down by 48%.
It is showing negative subscriber growth and it is just present in 8 circles. This against the onslaught of Reliance Jio which has a PAN India presence and deep pockets I don’t think so!
Judging by your logic of buying when stocks go down then I should load ou on Jp Group Stocks, Lanco, IVRCL, Jyoti Structures, Bartronics, Videocon, Religare and others which are trading at lifetime lows. All these companies have said that they will focus on business restructuring!
Let me know if I am missing something.
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Haha. Maybe we should give it a shot. 
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Completely agree with Sanket! His assessment is that of a seasoned fundamental analyst, however, if someone understands even basic Fundamental valuation then he/she would completely stay away from companies like Rcom. @mexpress- The famous quote of Warren Buffet that you mentioned: “The lower stocks go, the more i buy”- is only for qualified fundamentally strong stocks that are falling due to broader market bearishness. These are the times when you can pick up such stocks or more of such stocks at cheap prices. For example, many good quality stocks were beaten down in the 2008 broad bear market which back then could have been picked up at cheap prices as per Buffet’s quote that you have mentioned.
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Is it a deja vu… 
similar discussion earlier…
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Here, Value is missing in price. (RCOM)
Yes, it’s true. Maybe, when i sell the stocks i hold, i will get back to prove the ‘experts’ wrong
I love JP. Made profits from JP yesterday also. Maybe getting profits because i’m doing everything what no ‘experts’ dare to do. 
Would love nothing more than to be proven wrong. I genuinely hope your investment pans out. Good luck.
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