Jagdish Malkani, Member NSE like Avaya Global very much.
Malkani told CNBC-TV18, "Sterlite Opticals has had a good run ever since it has acquired a new business, it has now 2 divisions and doing much better than before. Recent quarter was not great but having said so I think lot of it is in the price. Personally in that telecom space the wireless companies on a dip looks like they are going in for a bit of a correction in which Bharti Airtel, Reliance Communication, Idea, all of them are good plays."
He further added, "Otherwise on a totally different footing, if you want to be in slightly higher risk reward, I like Avaya Global very much, both on its own fundamentals where it is very big in the internet, phone space. But more importantly bought out by private equity players globally, an open offer in the offing and possibly some competitive bid overall which means there will be more action and the stock price can go up. But Sterlite Opticals I would switch."
