Avoid Rcomm: Rajnish Kumar, Fullerton Securities & Wealth Advisors Ltd

Rajnish Kumar, Executive VP, Fullerton Securities & Wealth Advisors Ltd., in a chat with ET Now, gives his call on RComm



Would you, look at telecom as a pocket right now and is R Comm worth looking at at all?

If you look at telecom sector overall, it is something that we do not like at this point in time. The ARPUs have been falling. There is no good news on the horizon right now. Even the 3G rollout, which has happened. The high-end services could potentially bail out companies in terms of higher margin, etc., but that does not seem to be happening as yet. We will have to see how it goes from here. Specifically to R Comm, I do not think we would recommend R Comm at this point in time. I do not think we have seen the bottom of the stock yet probably and given all the controversies surrounding it, as an investor one is better off staying away from it at this point in time.