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Recent tariff hikes have put the telecom sector back on the investor's radar. And, of all players, Bharti Airtel looks to be the safest bet, considering its global presence. Apart from India, it is present in Sri Lanka, Bangladesh and 16 African nations. This insulates it from onemarket dependence. It is among the few players with more than 90% active user base, which should help new service launches.
The scrip has been consolidating and investors should look at buying around Rs.375 levels for a target price of Rs.500 holding period of 1 year
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Sunday, August 28, 2011
Bharti Airtel
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