Buy Bharti Airtel at around Rs 245: Sukhani

Tulsian told CNBC-TV18, “There are two concerns on Bharti Airtel, one is the falling margin, the kind of results which we have seen in case of the company and second is the huge debt lying at the end of the company’s book that too in view of the huge capex lined up hereon. I think these are the two major concerns. I don’t think that much of the concerns are really not to the knowledge of the market.”

He further added, “Whenever we see this kind of negative or may be the downgrade of the stocks coming in or released by any of the investment bankers obviously the effect of that remains for quite some time because I have been maintaining my view that probably Rs 250 looks to be the strong support for the stock. Though it is now ruling at close to Rs 250 I don’t think- because the counter some of the stocks which we have been seeing in last may be couple of days, just to give you an example, in the metal space like Steel Authority, Sterlite Industries where we have seen the good upside coming in because of the short covering probably that may get to be seen in case of Bharti Airtel and Idea. I am not taking that call on Reliance Communication, so I won’t be too bearish from hereon. May be Rs 250 will act as a good support to the stock. If it falls below Rs 250 may be even Rs 245 or so that may be a good entry point for the traders with a view of expiry or may be with a view of one week or so."