Prefer Bharti Airtel over Reliance Communication

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Ambareesh Baliga of Karvy Stock Broking is of the view that investors should prefer Bharti Airtel over Reliance Communication .

Baliga told CNBC-TV18, "Reliance has gone to a sort of sticky spotbecause of the Hutch deal that people though Reliance may get it but finally Vodafone for it. So that was also a sort of negative for Reliance because it would have speeded up its entry into GSM if it got Hutch. But then whatever said and done, I think it has reacted recently well so from these levels I don't think there will be too much of downward movement possibly 5-6% from here. So in case it drops another 5%, I think one should buy more. If I have a choice to buy between Rel Comm and Idea, I would still buy Rel Comm and if I have a choice between Rel Comm and Bharti I would prefer Bharti."  

Disclosure: Analyst clients could be holding the above stock.