Monday, 17 November 2008

Exit TTML: Vijay

Portfolio Manager, PN Vijay is of the view that one can exit TTML.

Vijay told CNBC-TV18, "Telecom is becoming a fairly mature market in India quite quickly if you see the struggle that Reliance, a relatively late player, has been having in its ARPUs (Average Revenue Per User) etc and Indian telecom rates are the lowest in the world. So I do not know whether TTML is going to make that big grade, which Bharti has done so easily. So I would use this opportunity to get out of TTML."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.