Relaince Communication is a high risk high return idea: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, MD & CEO, Destimoney Securities Pvt. Ltd., gives his stock call


Give us one high risk high return idea?

We are betting on Relaince Communication to surpsrise the way Wockhardt did in 2012. RComm has been beaten down. Everything has gone wrong for the company but we feel that there are lots of things happening and somewhere there will be major major turnaround. There will be some corporate transactions in this counter which will take care of lot of its debt. There also will be some business mergers or amalgamations as far as RComm is concerned. This is one stock which investors who have a risk appetite can enter at current level and probably they will reap huge returns.