Hold Siti Cable Network, may test Rs 48: AK Prabhakar

AK Prabhakar of IDBI Capital told CNBC-TV18," After a very long time Siti Cable Network has posted profit. It has been consistently posting loss. It is a turnaround candidate but a long term investor can hold on to it. If you are short-term it becomes very difficult, but we need to see the results for a next one to two quarters post which only we can take a decision.""I can give a stoploss of Rs 33, if the Rs 33 on the downside holds then I think Rs 48 is possible. However, the company which has turnaround there is huge risk now going forward. So, one more quarter of profit and one more quarter of confidence will be good for the stock," he added.