Shares of has seen a phenomenal rise in the last few sessions, zoomed 129 per cent from level of Rs 5.50 in the past 10 sessions. The stock price surged 14 per cent to Rs 12 on the NSE on Monday. It is trading close to its 52-week high of Rs 14 touched on June 6, 2019
The sharp rally in the past couple of weeks has been fuelled by reports that global technology giant Google is in talks to buy a 5 per cent stake in the company. The company, however, clarified on May 29 that it was constantly evaluating various opportunities but there was no proposal before the board of the firm as yet.
We asked Ambareesh Baliga, an independent market expert and Abhishek Karande, Senior Analyst at Reliance Securities the reason behind the surge, can we expect more upside in the stock in the coming days and what should investors do at this point in time….
Listen to the Podcast to know what they said and their outlook on the telecom sector overall
First Published: Mon, June 08 2020. 20:54 IST