KSEMA Fincon puts 'sell' on Reliance Communication
As far as RCom goes I think it's a sell call because if you look at the last quarter results the profits were down 85% for the company and this quarter would be challenging times for the company.
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| ET Now spoke to Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, on his views on stocks.
ET Now: What is your call on Reliance Communications?
Seshadri Bharathan: As far as RCom goes I think it's a sell call because if you look at the last quarter results the profits were down 85% for the company and this quarter would be challenging times for Reliance Communication more so because of the payment for the 3G auction etc. That would be bringing margin pressure on this stock.
ET Now: What is your call on Reliance Communications?
Seshadri Bharathan: As far as RCom goes I think it's a sell call because if you look at the last quarter results the profits were down 85% for the company and this quarter would be challenging times for Reliance Communication more so because of the payment for the 3G auction etc. That would be bringing margin pressure on this stock.
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