Stay away from Reliance Comm: Atul Badkar

Badkar told CNBC-TV18, "We do not track Reliance Communication much but having said that it remain in a tight range and one got to be very wary of this stock because any negative news then there is 8-10% correction immediately."

He further added, "Within the telecom space it’s better to stick with Bharti Airtel . We are quite bullish on the stock, a good 4-5% upside of market remains where they are. Idea Cellular has already done well. But there is still some more upside to go in Idea . I will stay away from Reliance Communication because from here onwards you do not know which way the markets are moving. I do not see too much upside immediately and its very news driven."