11 stocks, including Tata Steel, R-Comm and DLF, are down by over 30 per cent. The 16-month highs for the two benchmark indices, the Sensex and the Nifty, look unconvincing as 71 per cent of the stocks are currently trading 30 per cent below the levels where they were 16 months ago. The …
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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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