A maturing market amid the mayhem
Bharti Airtel shares jump
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?