Comfortable to buy Airtel at 320-350 levels: Sajiv Dhawan

In a chat with ET Now, Sajiv Dhawan, MD JV Capital Services, shares his views on telecom stocks.

ET Now: What is your call Bharti Airtel?

Sajiv Dhawan: We like telecom. Almost six months to a year back when Bharti was sub 300 at the current prices of 400 a lot of people seem to have said that fundamentally it is much better but not really much has changed. At that stage there was still a lot of potential, their Africa operations were drag, they are seeming to not to get out of the mess. It is not going as great as they wanted but the upside it might 450-460 it is only 10 to 12% may be from the current levels.

If we are very optimistic, It is a great company and a a great stock. If we are looking two-three years hence still a huge potential with all the Wifi networks which have been set up around the country which could lead to a very good revenue flows for these telecom companies but I would much more comfortable to buy the stock again if it slipped back down to 320 to 350 but that is very unlikely now.