Bharti Airtel could see some upside over nexr two years: Amit Goel

Amit Goel, Director, PACE Stock Broking Services in an interview with ET Now talks about Bharti Airtel.

Bharti Airtel a good bet going forward, management fairly positive on the outlook and the African business as a whole going forward into the next few quarters probably start nibbling into this counter right now?

Actually we are not very gung-ho on the entire telecom sector and I think particularly Bharti at least in the next few quarters we do not see any major positive surprises coming either on the top line or on the bottom line.

So I think while yes if one takes a very long term horizon Bharti at this price does not look too expensive and probably there could be some upsides in this stock over a period of let say next year or two years but for the next couple of quarters I do not see much happening, I do not see their African operations contributing significantly to the bottom line so I guess the upsides are probably capped but at the same time I do not see huge downsides also happening.