RComm to gain from easing of FDI cap in telecom: Nitin Raheja

In a chat with ET Now, Nitin Raheja, CIO, AQF Advisors, shares his views on RComm.

ET Now: Your call on RComm?

Nitin Raheja: It has been a speculative stock which always invokes a great amount of interest based on news flows. RComm's effort in trying to cut debt and couple of deals that they struck boosted sentiment and resulted in the stock going up.

I would not be surprised if this whole talk of FDI easing, especially in areas like telecom could see them looking out for someone to come in.

So stock really has come from a level where it was probably beaten down as if it is a company which was going nowhere. People are now building lot of expectations and any expectation that can be belied out here could also see the stock rebound. So anybody who has invested in this stock should be ready for those huge volatility kind of days that this stock is known for.