Exit Reliance Communications: Jagannadham Thununguntla

Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities told CNBC-TV18, "I think Reliance Communications  (RComm) is slightly different ballgame. It is a very volatile in nature. So, one should have that kind of a risk appetite to really absorb all the newsflow and on top of that the company ofcourse has debt and the company has been eagerly trying for in many formats be it in terms of demerger or be it in terms of asset sale to reduce their debt. But every time even though there maybe a short-term bounces, the consistency is a major question mark."

                                                  

"I feel that RComm should be preferred to only those investors who have that kind of risk appetite. Otherwise, I think it makes sense to exit from Reliance Communications and probably look at Idea Cellular ," he said.

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