Money on the markets

A maturing market amid the mayhem

Bad day at the bourses for Bharti Airtel

October 5, 2009

A traffic policeman directs traffic under an advertisement of Bharti Airtel at a booth in Siliguri October 2, 2009. REUTERS/Rupak De Chowdhuri Shares of Bharti Airtel, India’s top mobile operator, slipped 8 percent on Monday and ended as the top Sensex loser.

Bharti shares closed down rupees 34.85 at 400.25 with volumes of over 6 million on the BSE, making it one of the most traded counters.

The drop comes after an over 4 percent gain on Friday post failure of tie-up talks with South Africa-based MTN.

Investors in this counter have little to cheer as Bharti shares have returned (-)2.5 percent since August.

At this stage, would you take advantage of this fall and buy shares of Bharti Airtel?

Comments

Bharti may face severe ‘pricing’ competition from competitors locally. This may affect the company’s margin as well. Hence the stock price of Bharti Aitrl may come down further in coming weeks, though the fundamentals remain strong.

 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •