See more upside to Bharti Airtel, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "There is more upside to Bharti Airtel, but you will probably see some consolidation, some correction before that upside plays out. So given that 20 percent move in two weeks has happened on Bharti, similar move on Idea Cellular, you need things to consolidate a little bit."

"The market is pricing something that people cannot see today. So, you would expect possibly a 5-7 percent correction before they move on forward," he added.

On Friday, Bharti Airtel ended at Rs 543.10, up Rs 4.70, or 0.87 percent. It has touched a 52-week high of Rs 565.