Fundamentals clearly stronger at Bharti than at RComm: Vikas Pershad

Vikas Pershad, Founder & CEO, Veda Investments

What is your call on RComm? If indeed this entire Reliance cross-holding story is to play out in all likelihood, Reliance Industries would be infusing some cash into RComm, RComm is already trading at an attractive valuation just at the single digit when it comes to one year forward, how would you bet on a Reliance Communications versus Bharti?

Bharti remains a stronger company. So if you hold event aside, the fundamentals are clearly stronger at Bharti than at RComm. Investors got a little excited yesterday with RComm, perhaps a short covering, perhaps it was way of genuine buying. This is too much competition basically in the Indian telecom market. So I would stay with my short on that one.