R-Comm is a largely news driven stock: Pankaj Pandey, ICICI Direct

In a chat with ET Now, Pankaj Pandey, Head of Research, ICICI Direct shares his views about various stocks.

ET Now: R-Comm talk of tower sale happening next week and that is keeping the entire pack abuzz. Have you heard anything to that effect? If that does happen, does it change the game in the near term for R-Comm and ADAG?

Pankaj Pandey: R-Comm has been largely a news-driven stock. We feel that probably going forward the debt issues are still persisting and there is absolutely no clarity as to how the company would match up the debt payments. Also, there is concern that the company might have to sacrifice capex in order to meet debt obligations. Besides if some kind of a sale happens on the tower side that will be positive. But it is quite news driven and I would not really want to take a call on that front given that this could actually pan out. If it pans out, very good for the company. Otherwise we are not really chasing this stock.