A maturing market amid the mayhem
Bharti gains on deal talks
Bharti Airtel rose on Monday morning on hopes that the firm is heading towards a smooth landing in its $9 billion deal talks to buy Kuwaiti telecom Zain’s African operations.
Bharti Airtel rose over 2 percent in intra-day trade and finally closed 1.4 percent higher at 316 rupees with volumes of 1.07 million shares.
The share was the second-worst performer in the 30-stock BSE index in 2009 and was among the only two stocks to have given negative returns even as the benchmark jumped 81 percent.
The counter has given a negative return of over 3 percent so far in this year. Do you see a buying opportunity here?