Reliance Comm has 15-20% upside

Published on Thu, Apr 26, 2007 at 16:28 |  Source : Moneycontrol.com

Updated at Thu, Apr 26, 2007 at 17:53  

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Rahul Mohindar, Viratechindia

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Rahul Mohindar of Viratechindia is of the view that Reliance Communications has 15-20% upside from current level within 2-3 months.

Mohindar told CNBC-TV18, " Bharti has been positive for sometime, we have been talking about Rs 880-890 for more than a month past. We are heading into those levels, so possibly the upside looks a bit restricted when we look at Bharti alone. But if I see Reliance Comm, I see tremendous potential unlike Bharti this has not even tested its previous highs forget moving into newer highs. So, possibly a good 15-20% upside there within a 2-3 month time horizon in it."

He further added, "We are not very upbeat on Tata Teleservices or even an MTNL , I don't think there is going to be too much of a swing which is going to come into these two."

Disclosure: Analyst doesn't hold any of the above stocks.

  

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