Dilip Bhat, Prabhudas Lilladher shares his view on Bharti Airtel .
Bhat told CNBC-TV18, "Bharti Airtel, one part of rise which was because of the cancellation of the 2G licenses for certain competitors and the correction subsequently because of the results have brought Bharti back to where it was. From the current levels we are certainly seeing that next year is going to be very good for them especially because this year base itself if going to be very low. So if I am correct we are expecting almost 23-24% growth in the bottom-line for Bharti."
He further added, "On valuation wise I don't think we are very comfortable given the fact that once it was a good catch company but perhaps a lot of that cash will get consumed in the capex right now which they probably have to make. So I would still remain very vary of Bharti Airtel from the current levels. I would not be too much in a hurry to buy the stock."
