Bharti Airtel may slip to Rs 265, says Anu Jain, Vice President-IIFL Private Wealth Management at India Infoline.
Jain told CNBC-TV18, "Bharti Airtel could go down to as much as Rs 265 again and it's not made any kind of bottom formation which we saw in Suzlon happening over the last one week. There is still scope for more bleeding, there is still scope for more pain. So I think it's going to be a long haul home, so probably there is little more time or lots of more time before they bounce off because I am not seeing any kind of strength on pullback and the shorts are far stronger on it. So I would say that I would stay off it for the long side even to play the short kind of bounces that it has. It's definitely on any kind of market correction the first stock to give up so. It's something that for the long side should be stayed off even for investment for a longer period of time you will get better opportunities."
