Bharti Airtel may correct to Rs 370- 372, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "Bharti Airtel exuberance, which we have seen because of the license cancellation that company will be seen beneficiary and as if the things will come to the company free of cost and I was not agreeing with that view earlier also seems to be now getting accepted by the market that things are not going to be very easy, number one."
He further added, "The Q3 results are not going to be very great because the exchange losses whatever they will be having, the gain they will be having have all come in this last 45 days so obviously that concern is going to remain on the company and from hereon I think probably the valuations at about Rs 380 factors all these things. So one has to really wait for the results. But after the results I am expecting share maybe to correct at about Rs 370- 372."
