Prefer Bharti Airtel, says Sharmila Joshi

Prefer Bharti Airtel, says Sharmila Joshi of Fairwealth Securities.

Joshi told CNBC-TV18, “I don’t have particularly a good opinion about Reliance Communication. There has been some buzz as of yesterday about some FCCB issue getting sorted out, etc which is why we have seen this buying coming in but operationally weak."
She further added, "It has very leveraged balance sheet and perhaps which is why you saw that excitement when perhaps you thought that something could happen on the 4G as well as the FCCB front. So I think wait for good days like that and really look to exit. My top pick within that space is Bharti Airtel. I think if you have to buy some thing in the telecom space it should be Bharti Airtel."