Telecom giant Bharti Airtel is the flagship company of Bharti Enterprises. The Bharti Group has a diverse business portfolio and has created global brands in the telecommunication sector. Airtel comes to you from Bharti Airtel Limited, India’s largest integrated and the first private telecom services provider with a footprint in all the 23 telecom circles.
The businesses at Bharti Airtel have been structured into three individual strategic business units (SBU’s) –
1) Mobile Services
2) Airtel Telemedia Services
3) Enterprise Services
To talk about the Bharti price fall, it will not stop as long as it doesn’t take any decision to reply TATA DoCoMo`s 1ps/Sec Tarif. There would be occasional rallies after the results. I feel that Relcom also will travel along with Airtel to find new bottom as their new strategy is not the answer for DoCoMo. Airtel share holder can keep hope only upto the results.
Bharti would be timing of the announcement of new tariff which can match DoCoMo`s 1ps/sec plan.
There are two things to be addressed.
1) Is to retain the customer
2) Is to announce the Tariff (it can offer only 1ps/sec billing other wise customer will not take it.).
Both are complimentary one can not be without the other.
Bharti in particular can go down to Rs.310 and from there probably some buying support is likely to emerge. Start buying Bharti from current price and accumulate for every 5 to 10% dip. Bharti will do good business by adding more and more customers even with lot of competition in the sector. If one second pulse rate implemented good number of customers will be added to Bharti.
I think a stock like Bharti from these levels can easily give you a return of 25-30% in next 12-15 months.
