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Credit Suisse cuts target price on Reliance Communications

The share fell as much as 4.6% to 160.30 rupees on Monday after the No 2 Indian mobile phone operator reported late on Friday an 85 percent fall in quarterly profit.

Credit Suisse cuts target price on Reliance Communications

Credit Suisse said on Monday it had cut the target price on India's Reliance Communications shares to 170 rupees from 185 earlier, while maintaining a "neutral" rating on the stock.

The share fell as much as 4.6% to 160.30 rupees on Monday after the No 2 Indian mobile phone operator reported late on Friday an 85 percent fall in quarterly profit.

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