one has to be little careful while entering into Reliance Communication: Jagannadham Thunuguntla

In chat with ET NOW, Jagannadham Thunuguntla, Equity Head, SMC Capitals talks about Reliance Communications



What about telecom and particularly Reliance Communications?



They did lots of accumulation happening by select hands for sure, no question about that but I feel that considering that the momentum is appearing in so many other segments, one has to have a little bit of extra risk appetite to get into Reliance Communication.

If nothing is happening in a dull market, then maybe Reliance Communication adding that risk to the portfolio is fine, but when banks and NBFC start doing well one has to be little careful while entering into Reliance Communication. But there is a accumulation going on.