Hot Chips

GTL Infrastructure is a part of the Global Group and is a pioneer in shared telecom infrastructure. It operates in 19 circles in India. In the last one month, the counter has appreciated by over 7.2 per cent and has outperformed the BSE index, which at the same time moved up by almost 4.9 per cent. As per a contrarian fund manager, the telecom sector can be considered as a good bet. Looking at the charts, a technical analyst has given a buy call on the counter with a target of Rs 330 with a stoploss of Rs 305. The counter has witnessed a huge increase in the open interest in the futures and option segment and at the same time there has been a sharp rise in the volumes as well as in the price. Thus, bearing in mind that the telecom sector can be considered as a contrarian bet, investors with medium to long-term investment perspective can take exposure in the counter.