Bharti Airtel may rally to Rs 316, says SP Tulsian

Bharti Airtel may rally to Rs 316, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “I won’t keep my positive view remaining confined only to Bharti Airtel. If you really see the movement, it is definitely up by 4.5 percent, but that is so with Idea Cellular also, that in spite of giving a shift call – if we really focus that this could be the effect of that report, it is not like that.”
He further added, “Even Idea Cellular is quite up, it is up by about 3-3.5 percent. In fact you keep these kinds of things coming in on the telecom stocks. In fact I would say that the stock having corrected Bharti held a level of Rs 300, Idea held a level of Rs 105 or so. We see this renewed buying coming back into the stock because if you recall Bharti moved to Rs 316 in this last 15 days or so. So, this kind of level again can be seen in both the stocks, keeping mild positive view on both the stocks, but not from any event or any budget point of view.”