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Bharti Airtel struggles in trade

November 10, 2009

INDIA-BHARTI/AIRTELShares in Bharti Airtel, India’s top mobile operator, dropped over 4 percent on Tuesday as a bleak outlook for the sector hit telecom shares.

Losses in Bharti, the top Sensex loser, also weighed on the Sensex which closed down around 60 points.

Bharti’s performance of late has been rather disappointing, with the stock having lost nearly 30 percent since October.

The telecom sector has gone out of favour with investors, with tariff cuts by operators raising concerns about their profitability.

Will you at this stage take advantage of this fall, or stay away from the sector?

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