Exit Bharti on rallies at this juncture: Avinash Gupta

Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about Bharti Airtel.

Though lots of debts on the books of Bharti post 3G are there, but the 3G deal is finally done. How are you viewing that counter?

In view of the debt, Bharti would have problem in the short period to restructure the book to have a healthy balance sheet. So therefore in the short run we don’t see anything much happening. But in the long term Bharti is a good player and they will deliver. But it is fairly distant in time, therefore we feel that one should exit this stok on rallies at this juncture.