Buy Bharti Airtel and Suzlon: Saurabh Mukherjea

ET Now spoke to Saurabh Mukherjea, Head of Equities, Ambit Capital, on Suzlon and Bharti Airtel.

Crude prices are moving up. Would you buy wind energy businesses?

Wind energy, there is plenty going for it in our country. We have considered Suzlon quite actively and put a buy on it a month or so ago. We did it because everything that the government is doing in Delhi will create a lot of demand for wind in our country, so Suzlon remains an obvious play. There will be even more favourable regulation for the wind players over the next year or so.

One near term or rather medium term investment idea from you?

We already discussed Tata Motors. I would suggest Bharti is something else your viewers should look at. The new telecom policy will come in the next fortnight or so and it will comprehensively swing the regulatory pendulum towards Bharti. Obviously the 2G investigation will happen in parallel. The most important thing that the NTP will do is it will allow mergers and acquisitions in the sector for the first time and that will presage a bout of intense consolidation in Indian telecos leaving Bharti and Vodafone as the two dominant players at the end of that bout of consolidation. So Bharti amongst the listed telecos is our strongest pick and is something your viewers should look at quite closely.