Still not ready to move into Reliance & Nykaa but going strong on Relaxo: Saurabh Mukherjea

“We continue to be impressed by how they are executing on the telecom opportunity. Till five-six years ago, this was not a telecom company. It is remarkable to see that in the space of five-six years, a giant telecom business has been built but its the free cash flows that we look for and whilst the free cash flows remain elusive, we will keep tracking the stock without actually investing there.”

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