DoCoMo news a positive for Tata Comm: Avinash Gorakshekar

ET Now spoke to Avinash Gorakshekar, Head of Research, Anagram Capital Ltd., for a fundamental check on Tata Communications.

Lots of news based stories as well, what do you make of Tata Communications, all that talk about DoCoMo increasing its stake in Tata Tele?

Tata DoCoMo news has been denied by the management but we feel that if it does happen, then definitely it is a positive for Tata Communications. As of now, the news has been denied and the stock is again down.

But typically we would prefer that these are typically long-term, gestation kind of stocks where we would expect that these kind of news would only give a slight kind of current momentum to the stock. As far as the core numbers are concerned, it is still a long way before this company actually generates a decent amount of bottom line kind of growth.