Target of 180-185 for RComm; 275-280 for Bharti: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com on telecom majors RComm & Bharti, in a chat with ET Now.

What would you do with stocks from the telecom space, particularly RComm?

Devang Visaria: In RComm, we would just book profit because we have seen a smart rally all the way from low of possibly 155-160 to up to 200. Now since most of the news is out, you are seeing some profit booking coming into this stock. We are possibly looking for a target of closer to 180-185 for RComm.

On the other hand, Bharti has just been consolidating at the lower levels at around 265 or so. So possibly with a stop of 259 or so, you could have a small trading buy on Bharti. You could look for targets of 275 to 280 on Bharti.