Jagannadham Thunuguntla, SMC Global Securities one can buy Coal India at around Rs 320-330.
Thunuguntla told CNBC-TV18, "I think around Rs 300-320 Coal India would have been an excellent bet. One can easily stay invested. If the stock cools down to Rs 320-330 levels the investor can easily average it out. I think around Rs 320-330 for any investor Coal India is appearing to be a great bet. Eventually it should cross Rs 400."He further added, "Bharti Airtel's today’s performance is not up to the mark and the Zain acquisition is taking much longer time than originally predicted. It is more than one year the African acquisition is still posting losses, meaning that it will take much more time for the integration that has become major challenge. Even the domestic telecom best times are definitely over and moreover need to be seen how this spectrum auction will come up. So all in all put together Rs 280 can be a strong support if that gets broken this target is heading towards Rs 250."
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