See 15-20% gains in Bharti Airtel: PN Vijay

See 15-20% gains in Bharti Airtel in the next two years, says PN Vijay, Portfolio Manager, askpnvijay.com.

Vijay told CNBC-TV18, "Bharti Airtel - I am looking at it from the picture that they are getting the 2G licenses at much lower prices than what people had though. Secondly, the Infratel and some of the other disinvestments should improve cash flow and the reduce interest."
He further added, "In the case of Bharti the competition intensity has decreased tremendously. Even if we get the catholic growth that we are getting in the landline and mobile connections that is being spread only over about four players now as against 7 or 8 players sometime ago. So, Bharti is in a good wicket. I think the worst is over and people with again a pretty long term perspective could head for about 15-20 percent gains in the next two years and I think surely the downsides are extremely limited in it."