Friday, 7 November 2008

R Shah negative on TTML

Rajen Shah, Chief Investment Officer of Angel Broking is negative on TTML.

Shah told CNBC-TV18, "I have been negative on TTML. I think the only hope left for this company is merger with the parent company Tata Teleservices, which is holding about 74% equity in this company. If you see the working of this company, it is reporting almost about 200-300 crore of loss every year and this year is not going to be an exception. So the only remedy left for this company is to get merged with the parent and if that happens then this stock may bounce substantially from the current levels otherwise I think it is going to languish."

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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