Airtel - Long Term Bullish
A stock I've been mentioning for a while now. Now its even more in the news by not being in the news directly.
Jio is raising money at sky high valuations, Airtel should get rerated too. Not only does it have a telecom business, it also has an african telecom business and also own a lot of telecom assets (towers).
Value the business accordingly. Big players like amazon, google have 1 player left to tie up with. Thats Airtel.
A short term buyer could go long above 540 with a Stoploss below 500. If your long term i wouldn't even have a staploss. I would look at add more around 450-410 if the markets fall.
ARPU's will now continue to rise since Jio is done making its user acquisition, so this bodes well for the company as well.
Jio is raising money at sky high valuations, Airtel should get rerated too. Not only does it have a telecom business, it also has an african telecom business and also own a lot of telecom assets (towers).
Value the business accordingly. Big players like amazon, google have 1 player left to tie up with. Thats Airtel.
A short term buyer could go long above 540 with a Stoploss below 500. If your long term i wouldn't even have a staploss. I would look at add more around 450-410 if the markets fall.
ARPU's will now continue to rise since Jio is done making its user acquisition, so this bodes well for the company as well.
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