Bharti Airtel a better buy in telecom space: A Jain
Management is of the view that Bharti Airtel will get strong only after crossing the Rs 820-825 levels. At these prices looks far better than to buy any other stock in the telecom sector.
“Bharti from the last couple of days the way that stock has been hammered. I think, this was just that first signs that okay it is kind of finding a base and at Rs 780 levels, it was a very good buy and I think it is come closer to Rs 800 when I saw it last. So, I think probably it will consolidate at these levels before moving up.”
She further added, ” For a worst case scenario, Bharti at these prices looks far better than to buy any other stock in the telecom sector. But as such what I am seeing is that sector except from Idea which has a speculative buildup, even Reliance Comm is showing a lot of weakness. So I am still trying to figure out why this particular sector has so much of negative buildup into it.”
“So I would say that Bharti would get strong only after it crosses the Rs 820-825 levels. As of now it could stay between those Rs 780-815 levels.”
Source : MoneyControl
Tags: A Jain views, Airtel for short term, airtel short term, Bharti Airtel, short term stocks, short term view
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