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Bernstein’s Venugopal Garre says bullish on Bharti Airtel, SBI Cards

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Bernstein has added Bharti Airtel and SBI Cards in its portfolio and the investment firm expects a broad-basing of returns from a bigger pool of stocks. Speaking to CNBC-TV18 on Wednesday, Venugopal Garre, Director at the firm talked at length about the stocks to own as we wrap up 2020 and step into a new year.

Bernstein has added Bharti Airtel and SBI Cards in its portfolio and the investment firm expects a broad-basing of returns from a bigger pool of stocks. Speaking to CNBC-TV18 on Wednesday, Venugopal Garre, Director at the firm talked at length about the stocks to own as we wrap up 2020 and step into a new year.
On areas to generate broad-based returns Garre said, “Bet on the new economy which is primarily linked to say internet-related business model or future business model, there you are also going to see quite a few listings starting next year. The second thing is probably IT services, we see earnings estimate will be very modest. We are playing healthcare as a truncated position.”
“Then in the next couple of months to generate your returns it is best to play those recovery trades, financials being one of them. The second way is broad-basing into CAPEX plays which is things like Larsen & Toubro and maybe even moving down to midcap capital goods.”
On specific stocks, Garre said, “Underperformance of SBI Cards in the last couple of months is what we believe has driven us to get back into this stock in terms of putting it in our portfolio and add weight to financials. Similarly, in the case of Bharti Airtel, this was in the portfolio earlier, we had removed it a couple of months back, but having said that the underlying story of ARPU, as well as subscriber base consolidation, is a theme that we actually look forward to next 2-3 years.”
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Market Movers

CompanyPriceChange%Gain
Adani Ports694.35 47.45 7.33
Bajaj Auto4,167.10 113.20 2.79
HUL2,482.90 65.20 2.70
Bharti Airtel538.75 10.10 1.91
Grasim1,480.75 22.55 1.55
CompanyPriceChange%Gain
HUL2,480.75 63.85 2.64
Bajaj Auto4,164.95 105.95 2.61
Bharti Airtel538.90 10.20 1.93
Bajaj Finserv11,998.00 179.95 1.52
IndusInd Bank994.90 10.65 1.08
CompanyPriceChange%Gain
Adani Ports694.35 47.45
Bajaj Auto4,167.10 113.20
HUL2,482.90 65.20
Bharti Airtel538.75 10.10
Grasim1,480.75 22.55
CompanyPriceChange%Gain
HUL2,480.75 63.85
Bajaj Auto4,164.95 105.95
Bharti Airtel538.90 10.20
Bajaj Finserv11,998.00 179.95
IndusInd Bank994.90 10.65

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.8600-0.2175-0.29
Euro-Rupee87.8770-0.4200-0.48
Pound-Rupee102.2970-0.9290-0.90
Rupee-100 Yen0.6699-0.0019-0.29