Avoid Reliance Communications: Ashish Kapur

ET Now spoke to Ashish Kapur, CEO, Invest Shoppe India Ltd on his views on Reliance Communications.

ET Now: Your views on Reliance Communications?

Ashish Kapur: Reliance Communications is clearly an avoid. If you really want to be a contrarian and buy a telecom stock, just go ahead and buy Bharti because whenever the sector turns around, I am pretty confident that this is one stock which will not let you down.

So if you buy Bharti, all you need to have is patience and I am pretty confident about their African venture also. That is a little different view from the general market view but avoid Reliance Communications because generally even in good times, the business model of Reliance Communications was difficult to comprehend. So I will not give it too much chance to recover very easily now. So from my side, it is an avoid.