One of my picks include Bharti Airtel. Though the stock has rallied from the level of Rs 580 a couple of months back but the stock still looks good at the current levels of Rs 770. The stock has experienced some beating in the last few sessions because the final result of the discussion between Bharti and MTN is not out yet. Bharti has made a bold move of moving out of the Indian subcontinent by acquiring a stake in MTN. The MTN deal and the deal with Manchester United all signal towards the company going global. The company has crossed 100 million subscribers this month and the current price offered by Bharti for MTN seems to be lucrative. MTN has operation in 21 countries across Africa and Middle East and would help Bharti consolidate its footing in these markets. Fundamentally the stock seems very attractive from the long term perspective.
Disclaimer: All the views expressed in this blog are based on my analysis and investor's discretion is required before investing in the above stocks
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