Buy Reliance Communication, Bharti Airtel; avoid TTML: Ashwani Gujral
Bharti Airtel looks good, although it will also not move with some great momentum. The next target beyond Rs 380 is probably Rs 430. So keep a stop of about Rs 355-360.
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| Updated: In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his investment ideas.
What is the take on Bharti Airtel, Reliance Communication and TTML?
As long as all this 2G news continues, Reliance Communication may not move up so well. Once people get jailed, stocks generally tend to bottom out. So, may be from a longer term point of view, you can keep a stop of about Rs 90 and look at Rs 125-130.
Bharti Airtel looks good, although it will also not move with some great momentum. The next target beyond Rs 380 is probably Rs 430. So keep a stop of about Rs 355-360.
TTML is just a pure avoid. Just keep away from that stock. Stocks like Venky's or Uflex are likely to give you much bigger percentage returns than telecom stocks, which are likely to move up hardly 10-15% in line or probably underperform the Nifty.
What is the take on Bharti Airtel, Reliance Communication and TTML?
As long as all this 2G news continues, Reliance Communication may not move up so well. Once people get jailed, stocks generally tend to bottom out. So, may be from a longer term point of view, you can keep a stop of about Rs 90 and look at Rs 125-130.
Bharti Airtel looks good, although it will also not move with some great momentum. The next target beyond Rs 380 is probably Rs 430. So keep a stop of about Rs 355-360.
TTML is just a pure avoid. Just keep away from that stock. Stocks like Venky's or Uflex are likely to give you much bigger percentage returns than telecom stocks, which are likely to move up hardly 10-15% in line or probably underperform the Nifty.
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