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Jul 12, 2012, 08.23 AM IST
Stay away from Reliance Communications, says Atul Badkar of Edelweiss Securities.
Stay away from Reliance Communications , says Atul Badkar of Edelweiss Securities.
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."
Action in Reliance Communications
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