Sunday 5 October 2008

Buy Bharti Airtel: Vijay

Portfolio Manager, PN Vijay is of the view that one can buy Bharti Airtel.

Vijay told CNBC-TV18, "I would buy a Bharti. I would not buy Idea because the losses are still there. We do not know enough information about Reliance Communications, what it is really doing. Bharti is a very clean and sweet play, EBITDA margin is still holding out and growth is there for everyone to see and the new 3G spectrum etc will increase the value added services and unfortunately in the general fall Bharti has got beaten out of shape. I think Bharti around Rs 700-720-730 levels is a very good long-term buy, it should give you 30% in the next one year."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: MoneyControl

Posted by Harsh at 22:40

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.