Kotak AMC overweight on Bharti Airtel

Alroy Lobo, Chief Strategist Global Head - Equity Asset mgmt, Kotak AMC is overweight on Bharti Airtel.

Lobo told CNBC-TV18, "We have been overweight Bharti Airtel in our portfolio. We see an improving trend in the cash category in this company. Some of the investment they have made in Africa will not yield returns on a immediate basis but there is an improving profile of cash flows going forward."
He further added, "The free cash flow yield that we see in Bharti over the next few years looks to be very attractive and market has begun to take note of that and that is the reason you are seeing an outperformance in that stock."