See good upside in Reliance Comm: Wadhwa

One can see good upside in Reliance Communications, says Manohar Wadhwa, VP, IIFL.

Wadhwa told CNBC-TV18, "We are seeing a nice breakout in Reliance Communications. This is one of the names where there were a lot of shorts piled up and we have also seen short covering happening yesterday around 12% and reduction in open interest. The news of Reliance Infratel arm getting listed is what is pushing up this stock. I see good upside in this stock.”