Next couple of years extremely positive for Bharti Airtel: Hemang Jani, Sharekhan

NEW DELHI: We have revised our price target for Bharti Airtel upwards to about Rs 440 and we think that the next couple of years are going to be extremely positive for Bharti, says Hemang Jani, Senior Vice President, Sharekhan. Excerpts from an interview with ETNOW.

The telecom sector is in trouble but the Bharti stock is up 52% in the last one year. What is your view?
Telecom stocks particularly Bharti has really shot up. There are two or three factors behind this entire rerating and up move. One is that definitely there is a possibility of the government giving some kind of a moratorium to the telecom companies on the payment of the Rs 28,000 odd crore AGR dues that they have to pay to DoT.