Large cap telecom stocks will outperform this year: Avendus Capital

In a chat with ET Now, Girish Nadkarni, Executive Director, Avendus Capital Pvt. Ltd., shares his trading ideas.

What is the call on telecom stocks?

There was a lot of pressure when Bharti acquired companies globally and when the implementation of 3G was supposed to happen. We are past all that stuff. The outlook and cash flows of these companies are looking good. Demand continues to be robust in India and the price correction in telecom stocks is a little overdone and, therefore, all the large cap stocks in the telecom sector would continue to outperform this year at least because of strong domestic demand.