Pathik Gandotra, MD and Head of Research, IDFC-SSKI Securities is underweight on telecom.
Gandotra told CNBC-TV18, "We have priced in already, we have cut Bharti Airtel numbers aggressively in the current quarter, so I don't think there are further downsides to Bharti earnings from what numbers we have cut and nevertheless we are quite underweight on telecom."