On the positive side, the legal tangles seem be over. We expect the industry, as a whole, to utilise their management bandwidth to expand profitability and cash generation. Airtel, with comfortable leverage, superior customer quality and consistent KPI is our top pick. We maintain BUY on Airtel with an unchanged target price of | 700/share. We also maintain SELL on VIL with an unchanged target price of | 6/share, given the difficult path ahead to assure survival and lack of clarity on the same. We also downgrade Bharti Infratel to REDUCE (from HOLD earlier) with a target price of | 180/share....