SELL BHARTI AIRTEL AT 384, TARGET: 375, SL 392 Swing call given by Kartik …
Buy Bharti Airtel, target of Rs 866: IIFL
Posted on: May 28th 2009 in Brokerage Recommendations.
IIFL has maintained its buy rating on Bharti Airtel with a target price of Rs 866 in its May 26,2009 research report. “Bharti and MTN yesterday announced a revised arrangement for a potential transaction that would result in Bh…
Value buys: Bharti Airtel, State Bank of India and Larsen & Toubro
Posted on: May 25th 2009 in Stock Views.
Last Monday proved to be a europhic day for Indian investors with the markets hitting the upper circuit as the news of a new Central government, insulated from the vagaries of coalition politics, unleashed a wave of positive sentiments. The Sensex jumped 2,000 points touching 14,000, th…
The Southward journey may continue
Posted on: May 25th 2009 in Market Outlook.
The outlook continues to remain a bit cautious for the coming days as Tuesday saw markets taking a breather. In addition, the global economic slowdown, sluggish local economy, ballooning fiscal deficit continue to remain as headwinds. Markets witnessed a sharp sell off on Tuesday ahead o…
Bharti Airtel, MTN in $23 billion merger deal talks
Posted on: May 25th 2009 in Press Releases.
NEW DELHI: India’s largest telco Bharti Airtel on Monday said it has in talks to acquire a 49% stake in Africa’s largest telco MTN to create a entity stretching from the Cape of Good Hope across the African continent, West Asia and the Indian Subcontinent with revenues of about $20 bi…
Hold Bharti Airtel: P Sekhar
Posted on: May 25th 2009 in Stock Views.
P Phani Sekhar, Fund Manager, Angel Broking is of the view that one should hold Bharti Airtel. Sekhar told CNBC-TV18, “This Bharti deal to my mind makes a lot of sense because if you look at the Indian scenario, the new subscriber growth is going to taper down in the next 4-6% quar…
MTN deal may affect Bharti’s ROC: India Infoline
Posted on: May 25th 2009 in Stock News.
Bharti Airtel has confirmed that it may acquire 49% stake in South Africa-based telecom major MTN. Commenting on the deal, Bhavesh Gandhi of India Infoline said, “I think the deal looks positive for Bharti especially since after maybe 500-600 million subscribers, all the major top thre…
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