Mar 16, 2017 03:59 PM IST | Source: CNBC-TV18

Exit Reliance Communications: Vijay Chopra

Vijay Chopra of enochventures.com suggests exiting Reliance Communications.

Vijay Chopra of enochventures.com told CNBC-TV18, "Not much is going to happen in the telecom space as far as the stock prices go. There will be a lot of mergers, acquisitions and a lot of news and consolidation around these companies but until and unless companies make money, we will not see surge in the stock prices."

"There will not be any fireworks in spite of the fact that the markets are at an all-time high. One can sell Reliance Communications on any rally and in spite of the deal they are going through, probably this can take the stock up even above Rs 40 but get into some better, more stable sector and more stable counter and I am sure that there is money to be made in these markets. So get out of Reliance Communications, there are plenty of opportunities elsewhere," he said.

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