Not too convinced on RComm. : Ashu Madan, Religare Securities

Ashu Madan, COO, Religare Securities, in a chat with ET Now talks about RComm.

What would you do with RComm? There was a big rally yesterday, the buzz of stake sale is looming large. At Rs 100, would you invest into RComm?

No, I will watch it academically. It could be a flash in the pan. When a certain group of stocks is plagued by a bad news and after that vertical fall - you are at all-time low, lifetime lows - You tend to bounce back at certain stage. But I would not like to play those bounce backs because fundamentally and technically, both ways, I am not too convinced on RComm.

So at the end of the day, there could be days or there could be weeks where you will see some recovery in these stocks. So may I might to participate in that recovery by taking some trading position but other than that, I would not be interested in getting into these stocks on a fundamental basis in a very big way.