Dipan Mehta positive on Bharti Airtel

Written By Unknown on Rabu, 29 Januari 2014 | 18.01

Jan 29, 2014, 04.27 PM IST

Dipan Mehta, Member at BSE & NSE is positive on Bharti Airtel.

Tags  Dipan Mehta, BSE & NSE, Bharti Airtel, Idea Cellular

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Dipan Mehta positive on Bharti Airtel

Dipan Mehta, Member at BSE & NSE is positive on Bharti Airtel.

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Dipan Mehta positive on Bharti Airtel

Dipan Mehta, Member at BSE & NSE is positive on Bharti Airtel.

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Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "We have been not looking at  Bharti Airtel seriously and lot of analysts also have been negative on the stock. The time has come now to look at Bharti far more closely and take a more positive view on the stock."

"Last quarter results also were pretty decent and this time also they have backed it up with decent set of numbers. It does appear that the company seems to be getting its rhythm back and lot of concerns surrounding African operations are being addressed. We will keep on having arguments whether it was a good decision to acquire it or not but having said that it is part of Bharti and they seem to be containing the losses over there," he added.

"Most importantly debt has come under control and they are looking at reducing debt through some more divestments – what we heard about the tower business in African subsidiary. So, on the whole very positive on Bharti and although valuations on trailing 12 month basis appear to be expensive, these are businesses which have very high and once the hiccup of new spectrum auction is over and done with then Bharti Airtel may start to outperform its peer group and maybe even  Idea Cellular for that matter. So, I would be looking out for the stock closely."



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