LONG TERM TTRADING TIPS - Buy Bharti Airtel from long term perspective: Irani

Buy Bharti Airtel from long term perspective, says Mehraboon Irani, Principal and Head- Pvt Client Group Business, Nirmal Bang Securities.

Irani told CNBC TV18, “I have been negative on the telecom space for more than two years. And I have gone to the extent to say that Indian telecom story according to me is over. But if you as me, at the present valuations some of the names like Bharti Airtel would be a great stock to buy from a very long-term angle.”

He further added, “If I was an institutional investor, I would definitely look at this space and Bharti would be the top pick, but I think not many of us over here right now are ready to look at the markets even from the next 3-4-5 months angle, and I personally, because of that, I remained underweight on this particular sector. So 2G or no 2G scams, the fact is at the present levels not interested in looking at any telecom stock.”

SOURCE: moneycontrol

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