Buy GTL Infra ?
Midcaps have been the clear outperformers in the markets. CNBC-TV18 gets you an expert, Vikas Sethi, MD of Sethi Finmart whose top midcap pick for the moment is GTL Infra.
Excerpts from CNBC-TV18’s exclusive interview with Vikas Sethi:
Q: Why do you like GTL Infra and what are your targets on it?
A: The stock, GTL Infra, is into the telecom infrastructure business and it is in the process of rolling out a pan-India network of around 25,000 towers with an estimated investment of Rs 8,000 crore. It is already servicing five national level and one regional telecom operator and has signed long-term contracts with them for about ten-fifteen years.
It has also recently set up a venture with IDFC Project Equity to pursue acquisitions and making strategic investments into telecom infrastructure companies. So I think that the company is poised to become the largest third party independent telecom tower and infrastructure company in India. With a lot of action happening in the telecom tower companies like the recent stake sale by Reliance Communications, in its tower subsidiary and the recent merger of the tower businesses of Bharti Airtel and Vodafone and Idea.
Disclosures: It is safe to assume that I and my clients may have an investment interest in the stocks/sectors that have been spoken about.
