Accumulate Bharti Airtel on dips: Mohindar

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about Bharti Airtel See messages about Bharti Airtel Bharti Airtel BSE | NSE 10/02/12 Are Mutual Funds betting on Bharti Airtel?

Rahul Mohindar of Viratechindia is of the view that one can accumulate Bharti Airtel on dips. It is a safe bet for medium term, he added.

Mohindar told CNBC-TV18, "Its heartening to see the volumes, those formations are on the positive side. In fact in the entire sector, we think Bharti could continue to perform and probably safe bet from a medium term frame."

He further added, "In the short term, if the index is lets say moving another 2% or so which I am expecting and then getting some resistance for the short term. Keeping that in mind, I don't think these are trades you want to take for  a day or two but you could kind of use any downfall to accumulate into the stock, so keeping a horizon of even a month or two is still worth it if you are considering that frame."

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	773.65	827.40	53.75	6.95
5-Days	782.30	827.40	45.10	5.77
7-Days	799.80	827.40	27.60	3.45
15-Days	822.80	827.40	4.60	0.56
1-Month	807.90	827.40	19.50	2.41
3-Month	668.75	827.40	158.65	23.72
6-Month	632.85	827.40	194.55	30.74
9-Month	731.45	827.40	95.95	13.12
1-Year	730.35	827.40	97.05	13.29