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R Comm, Idea, TTML looks better than Bharti: G Shah
Gaurang Shah of Geojit Financial Services is of the view that in telecom pack Reliance Communications, Idea Cellular and TTML looks more attractive compared to Bharti Airtel.
Shah told CNBC-TV18, "It looks to be the best bet because of the fact that the good news is on that both the Ambani brothers just doesn't seem to stop. We heard yesterday some sort of an announcement as far as Reliance Infratel is concerned and we have seen a good run up on the counter. But if the investor has got a shortest time frame, I don't think that Rs 670 or above that would be possible. I think the investor needs to stretch out on his time horizon and there are lot of good news coming in and amongst the telecom pack I think RCOM, Idea Cellular and TTML looks more attractive compared to Bharti Airtel.
He further added, "So from a longer kind of time frame I would definitely recommend that there are whole stocks of story available over there CDMA is already there, GSM is also going to happen within 8 months to a year kind of time frame, Flags issue is there and the tower business also remains to be giving it a positive direction upwards. So from a longer kind of a time frame the investor needs to hold on and possibly at lower levels, I would definitely advise one to average."
Disclosure: Analyst does not have personal holding but some recommendations could be a part of his client portfolio.
