In an interview to CNBC-TV18, Bhavesh Gandhi, Research Analyst at IIFL shared his readings and outlook on Idea Cellular.
Bhavesh Gandhi of IIFL said that lower earnings result are likely to continue on a sequential basis for the next 2 quarters.
Bhavesh Gandhi of India Infoline expects a strong US pipeline playing out for the company in the injectibles side. With a positive management commentary for FY17, IIFL believes it is the cheapest stock in the frontline large-cap space, he told CNBC-TV18 .
Idea is especially in the limelight after it announced its third quarter numbers on Thursday.
Given the numbers and the valuations the brokerage house would refrain from hiking the target price for Cipla from the current Rs 1070, Bhavesh Gandhi.
In an interview to CNBC-TV18, Bhavesh Gandhi of India Infoline shares his views on the telecom sector and his preferred bets from the space going ahead. He is bullish on Idea and Bharti and recommends buying the stocks at current levels.
Reliance Jio has emerged on top of the heap in the upcoming spectrum auction after it submitted Rs 4,500 crore as earnest money deposit — the highest among telcos. Speaking to CNBC-TV18, Bhavesh Gandhi, Telecom Analyst at IIFL, said it signals towards aggressive competitive bidding in the next month's spectrum sale.
According to Bhavesh Gandhi of IIFL the margins were below their estimates despite Q2 and Q3 being a seasonally strong quarter.
Bharti Airtel‘s second quarter profit jumped 24.8 percent sequentially to Rs 1,383.2 crore in July-September quarter, while it was up 170.2 percent year-on-year.
In an interview to CNBC-Tv18, Bhavesh Gandhi of India Infoline shared his reading and outlook on Indian telecom sector and picked his best bets.
Bharti Airtel on Tuesday acquired Loop Mobile. The deal will make Bharti the top operator with 7 million subscribers followed by Vodafone with 6.8 million subscribers.
Abhishek Anand, VP -Telecom, Centrum Wealth Management said revenues from Africa operations were better than expectations and that overall operating numbers were decent.
Bhavesh Gandhi of India Infoline says one should wait for Q3 and Q4 earnings rather than relying just on Q2 before taking a valuation call on Bharti Airtel.
Investors should focus on RComm's core telecom business and unless that improves it is not advisable to buy at current levels, says Bhavesh Gandhi, India Infoline.
In an interview with CNBC-TV18, Bhavesh Gandhi of IIFL said the 1800 MHz pricing appears to be very steep if one goes by TRAI recommendations.
In an interview with CNBC-TV18, Bhavesh Gandhi of India Infoline recommends select stocks from the telecom space for investors to invest in.
The highlight of the draft Telecom Policy 2011 stands the one nation-one license clause across services and service areas.
India's largest telecom operator Bharti Airtel is expected to report a rise of 5% (QoQ) in profits for the first quarter of FY12. Bhavesh Gandhi, Analyst at IIFL India told CNBC-TV18 that Bharti would do a 6% profit growth and 4% sales growth for Q1.