Neutral on Bharti stock: Paras Adenwala

Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors

What is your opinion on Bharti right now given the slam down that the stock has witnessed?

While the valuations do not seem too expensive now but having said that, there is a possible dilution in equity. It remains to be seen as to what is the quantum of dilution of equity. After that clarity emerges and more clarity on Zain, I would then take a call on the stock. For the time being, I would continue to be neutral on the stock.