Bullish on Bhart Airtel: Gautam Chhaocharia, UBS

In a chat with ET Now, Gautam Chhaocharia, Head of India Small/Mid-cap Research, UBS, gives his views on Bharti Airtel



Is Bharti one large cap contra idea and are you getting a sense of that lower levels global investors want to buy into Bharti because it is a large cap stock, liquid stock, great pedigree, but currently suffering because of regulatory overhang?

The investor appetite for telecos is actually quite low right now. So, in a way it is a slightly contra call for us, but a telecom analyst is quite bullish on the opportunity for the incumbents beyond the regulatory issues over the next couple of quarters. Investor appetite is low, but that is always a case at the turn of the regulatory issues.