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Hemang Jani on where to bet on Tata group cos

Sumary of Hemang Jani on where to bet on Tata group cos:

  • All three stocks — Bharti Aitel, VI as well as Reliance have underperformed in the last month or so.This is despite the fact that the telecom companies had such a strong subscriber addition and the way Bharti gained market share both on the overall subscriber base as well as in terms of the quality of the subscribers with 4G additions which is almost at about 5.5 million…
  • one is the kind of money that they are going to be investing into spectrum and so there will be that kind of pressure on the balance sheet, at least for Bharti…
  • I do not think that for Reliance, we need to worry about the spectrum and the balance sheet side but for Bharti and Vodafone, this could be an important factor that the market is worried about…
  • In the meantime, the underperformance presents a good opportunity for players like Bharti and Reliance and we continue to have a positive view on them though they might underperform in the short term.But from a one- or two-year perspective, they both present a great opportunity for investors….

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