No structural longs in telecom space: Harendra Kumar, Elara Capital

In a chat with ET Now, Harendra Kumar, Head of Institution Broking and Global Research, Elara Capital, shares his views on telecom sector.

ET Now: Is it a good time to stay away from telecos because of the negative news flow on the space?

Harendra Kumar: Actually telecom will take around six months more to bottom out till their 2G licensing issue gets resolved. So, at the moment there are only two trading bets that is Bharti and Idea between which investors keep shifting their positions. As such there is no structural longs in the telecom space as of today.