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Telecom stocks struggle, Bharti falls nearly 4.5 pct

November 23, 2009

Telecom stocks started the week on a disappointing note, with Bharti Airtel slipping 4.4 percent and Reliance Comm ending down over 1 percent.

Bharti Airtel was also the top Sensex loser. Smaller competitor Idea Cellular closed 2.85 percent lower.

The telecom sector has gone out of favour with investors after firms slashed call tariffs, raising concerns about their profitability.

Bharti Airtel’s shares have dropped as much as 34 percent since October, while rival Reliance Communication has lost 44 percent over the same period.

Given the fact that India is the world’s fastest growing telecom market, would you take advantage of the fall and invest in these counters?

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