Medium Term Stock Recommendation to add to your Portfolio

Medium Term Stock/Share Recommendations

We are optimistic on the prospects of Bharti Airtel as it is the only brand in the telecom sector which is spending money on marketing even during the Covid19 scenario. As of now, it is likely that a duopoly exists in the market with Vodafone being a silent player and lead taken by Jio and Airtel.

Analysis of Q2 results shows that Bharti Airtel has rebounded from lows of Rs,395 against all bearish consensus. This bearish consensus is exactly opposite to the bullish consensus in the stock which was there around Rs590 levels. Buying can be done at CMP for a target of Rs. 442 and Rs 452. A higher target of Rs 465-500 is also possible. Stop Loss of Rs 399 is recommended. Personal due diligence is advised while undertaking investment in above stock as this can even get classified under long term investment.

Fundamentals: Q1 was excellent with strong commentary. The stock fell due to institutions selling      (Rights issue at 220)

We have recommended this stock as a medium-term stock recommendation for our clients and none can beat our Best Bank Nifty Option tips which gets you daily profit.