Jio emerges winner as telecom cos hike tariffs: Prateek Agarwal

Jio is the net beneficiary of tariff hikes in terms of cash. Unlike Bharti Airtel and Vodafone Idea, they do not have to pay anything to the government, says Prateek Agarwal, Business Head and CIO, ASK Investment Manager. Excerpts from an interview with ETNOW.

Just looking at the kind of moves that one is seeing in YES Bank. I do not think this big bid of $1.2 billion by a mysterious investor is going down too well with the market. It is turning out to be more of a buy on rumour, sell on news kind of story?

It is an entity which is under some stress. It will be good if the market gives it some time and looks the other way.