Moneycontrol
Last Updated : Jan 18, 2018 03:00 PM IST | Source: CNBC-TV18

Hold Bharti Airtel, may test Rs 550: Vijay Chopra

According to Vijay Chopra of enochventures.com, one may hold Bharti Airtel.

CNBC TV18 @moneycontrolcom

Vijay Chopra of enochventures.com told CNBC-TV18, "If we look at the entire telecom pack, you know the damage which was supposed to happen that has happened. Although there is some kind of a correction, but I don’t think that Bharti Airtel or the company would be damaged any further. I think the Jio affect is more or less settled and we will see company ramping up their operations and average revenue per user (ARPUs) would keep on increasing over a period of time, so my expectations are from Bharti Airtel that we will see better results quarter-on-quarter from now on."

"Secondly, there might be some kind of a pressure and might be we see that around Rs 10-40 correction from here but the stock is all poised to reach Rs 550 level. So hold on to the stock I would recommend and Rs 550 is quite possible on Bharti as it is a quality company," he said.

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First Published on Jan 18, 2018 02:58 pm
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