I dont know why RJ is bullish on MTNL...heard on the street column in ET points to that...u will get a hint how they have put it...as below
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A not very "rare" investor who likesTitan and infrastructure stocks is learned to have accumulated huge amount of MTNL recently.Shares have had a bumpy ride on the bourses ever since the company declared modest results on Tuesday. As a matter of fact the stocks has been simply moving sideways for the past few months.But if this high profile investor has his way,all this may soon change.The investor reportedly is of the view that at 150 levels,the stock is grossly undervalued. He sees an upside of almost Rs.500.
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I think we should find out soon what he sees that we cannot see.Or will MTNL go the Mid-day Multimedia way.Only time will tell.
If u still dont get the hint...his firm name is Rare Enterprises and he holds Titan and Nagarjuna.
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