Bharti Airtel can get to Rs 375-380: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his investment ideas.

What do you do with telecom now?

Firstly, you need to remember that this is not a growth sector. Bharti was excellent at Rs 305-310. With the market, probably it can rally some more, Rs 375-380. R Comm could get up to Rs 120-125 but probably half the run in telecom stocks may be over. Rs 350-355 kind of level in Bharti is not really great trading price, so you could see some more upside, Rs 25-30 bucks on Bharti. So about say 10% odd on each of these telecom stocks but again like real estate, you need to know when to get out. I do not think Bharti will cross 400 or R Comm will cross 130 so easily.