Quantum Securities bullish on Reliance Capital

Sanjay Dutt, Director, Quantum Securities is bullish on Reliance Capital on long term basis.

Dutt told CNBC-TV18, "If I am looking at the short-term that is next 30-60 days, I would pick up RCom because there is definitely some restructuring being talked about and that is in the pipeline, that will be sorted out and it gives me phenomenal amount of confidence seeing USD 2 billion being lend by China Development Bank to the company. So the concerns about company going under blah-blah is totally out of whack. Since I want to trade immediate short-term, I think I would want to trade that.

He further added, "From a longer-term perspective, I am extremely bullish on Reliance Capital because that is only one of the companies if you look within the entire Reliance group whether its is MDA or ADA which has not regulatory issues in terms of no need to approach the government for any licenses etc, that is their core business. It is best positioned for attracting capital from investors abroad as what the Finance Minister has proposed in the budget. So from a longer-term perspective that stock does offer me much more attractive investment proposition compared to others but for the immediate short-term my trading punt would be Reliance Communication."