Buy Bharti Airtel on further declines: Dhawan

114406 Investors following Bharti Airtel. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Bharti Airtel on further declines: Dhawan

Buy Bharti Airtel on further declines, says Sajiv Dhawan, JV Capital Services.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sajiv Dhawan 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?

Buy Bharti Airtel on further declines, says Sajiv Dhawan , JV Capital Services.

Dhawan told CNBC-TV18, "In Bharti Airtel one can accumulate on all major declines - 5-10% with a medium to longer-term outlook. But the bad news is there for everyone to see, the price would get worst, there is a constant flow of bad news. So a bounce back of 3-4-5% from the lows, I do not think it provides much relief to most of the investors who are long on the stock."

He further added, "There is obviously a lot of shorting; they got decent profit. So maybe a short covering from traders or speculators who feel that the stock have been a bit oversold in the short-term and at some stage sentiment will turn; you are going to see some dent in the profitability and the red news over the next couple of quarters. But company like Bharti, I think is well positioned enough to come out of this. So we would continue to buy on any further decline in this stock."