Buy Bharti with a target of 290-295 in near term: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, Market Expert, shares his views on telecom companies.

ET Now: What is your call on telecom major the likes of Bharti and Reliance even an Idea for that matter?

Ambareesh Baliga: In fact, Bharti is the only stock in that sector where I have been quite bullish and continue to remain so. We were taking a contrarian call on the way down to about 240-245 levels. At least, the near term target for Bharti is about 290-295 but if you are talking of the next 12 to 15 months should be about 380-390.

ET Now: But that is the only one that you like.

Ambareesh Baliga: That is only in the telecom space, which I like at this point of time because any sort of beaten down sector you should choose the best.