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future of bharati airtel

kshitija (ca) (135 Points)

17 December 2007

I have bought futures of bharati airtel at 1023. how good is this stock , should i hold it ?

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Ankit Dangayach (Chartered Accountant) (691 Points)
Replied 18 December 2007

Which Month future you purchase ? There is no doubt that Bharti Airtel is a very good company and has a very brigh future.Being the leader in telecom sector it enjoys premium in comparison to Other listed players like Reliance communication & Idea. However there is uncertainity over Scarce Spectrum Allocation Which drives the stock to lower levels. So if You are medium to long term investor you should hold it.As regard futures please clearly mention which month future You purchase as december settlement is near.