Bullish on RComm: Sandeep Wagle, Founder & MD, APTART Technical Advisory Services
I think RComm will give you a 10%-12% upside and I think this space is positive at this point of time.
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| Updated: Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, in a chat with ET Now, gives his call on telecom space
What is the call on telecom space?
We have been positive on Bharti and we had a buy at around Rs 385 and we expected it to go to Rs 415-418 but that did not happen. It got stuck, came down to some Rs 368-370 that move has begun now and I think Bharti, Idea, RComm, RComm once above Rs 98 can go to Rs 110. As of now RComm is not showing that strength which you have been saying I agree to that but once above Rs 98. I think RComm will give you a 10%-12% upside and I think this space is positive at this point of time and definitely a 4%-5% upside on Bharti, Idea as well as RComm and once beyond Rs 98-99 as I said RComm will be an outperformer.
What is the call on telecom space?
We have been positive on Bharti and we had a buy at around Rs 385 and we expected it to go to Rs 415-418 but that did not happen. It got stuck, came down to some Rs 368-370 that move has begun now and I think Bharti, Idea, RComm, RComm once above Rs 98 can go to Rs 110. As of now RComm is not showing that strength which you have been saying I agree to that but once above Rs 98. I think RComm will give you a 10%-12% upside and I think this space is positive at this point of time and definitely a 4%-5% upside on Bharti, Idea as well as RComm and once beyond Rs 98-99 as I said RComm will be an outperformer.
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