Rohit Chordia negative on Bharti Infratel

Rohit Chordia, associate director of Kotak Institutional Equities told CNBC-TV18, "Bharti Infratel is a fantastic asset; there is no doubt about that. It is a steady cash flow story. Slightly overvalued in my view and hence right now I have a negative recommendation on the stock."

At 15:14 hrs Bharti Infratel was quoting at Rs 362.30, down Rs 6.95, or 1.88 percent. It has touched an intraday high of Rs 368.30 and an intraday low of Rs 356.55.