Don't rush to buy 2G-related stocks, caution analysts

The verdict would not change the fortunes of these stocks, say analysts

Shares of companies entangled in the 2G spectrum scam such as Unitech, Reliance Communications (RCom), Sun TV and DB Realty ended 4-20 per cent higher on the NSE, after a CBI court acquitted all the accused, including former telecom minister A Raja, Dravida Munnetra Kazhagam member Kanimozhi and corporate executives like Swan Telecom’s Shahid Balwa, Unitech’s Sanjay Chandra and the Essar group’s Ruias in the scam.

Most of these stocks had gained as much as 20 per cent in intra-day deals. In comparison, the benchmark indices — the S&P BSE Sensex and the Nifty50 — ended the day marginally negative