Reliance Communications: Buy

Reliance Communications is available at Rs. 155. The year high/low is 610/147 and the stock had crossed Rs. 750 in the last 18 months. This is India's fastest growing mobile company and it is growing in both CDMA and GSM segments.

From a 2-3 year perspective, I expect the stock to deliver more than 100% returns. In the short run, in another six months, I expect the stock to deliver 30% returns.

A sure pick.