According to Ambareesh Baliga, Independent Market Expert, one may buy Bharti Airtel at around Rs 305-306.
Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "If you remember, I was quite negative on telecom overall for the last 12-15 months and most of them corrected and the main reason was Jio but I think that has already discounted and Jio will also start charging its customers from January onwards. However, the way I see it is demonetisation, I think is the biggest positive for telecom because going ahead when we all go digital, I think our cellphone will control all the aspects of our life."
"Bharti Airtel launching the payment bank and with the sort of subscriber base which they have, I think it can become a huge success going ahead. So, at these levels I think the downside is quite limited although it has moved up very well today. However, if one waits for levels of about Rs 305-306 that is a great level to start buying and possibly hold on for the next two years when all these positives will actually play out," he added.The Great Diwali Discount!
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First Published on Nov 28, 2016 04:25 pm