Money on the markets

A maturing market amid the mayhem

Bharti Airtel shares jump

January 20, 2010

Shares in Bharti Airtel, India’s leading telecom firm, gained 3 .4 percent on Wednesday and ended as the top Sensex gainer, even as the overall Mumbai market closed weak.

Other players like Reliance Communications and Idea Cellular managed to close in green as well.

Hurt by price war, Bharti Airtel is expected to report flat quarterly profit growth when it announces results on Friday.

Shares in Bharti Airtel have gained 0.6 percent in 2010 but Reliance Communications has added an impressive 8 percent.

Would you invest in any telecom counters at this stage?

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/
  •