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Bharti Airtel Vodafone Idea
Shares of Bharti Airtel are quoting higher for the eighth straight trading day, having rallied 11 per cent during the period, and taking the company's market capitalisation to over Rs 9.5 trillion.
Technical charts suggest a divergent trend for the three key telecom stocks - Reliance Industries, Bharti Airtel and Vodafone Idea.
However, the Vodafone Idea stock is not a 'buy' yet as BofA awaits further clarity on funding position improvement post fiscal 2025- 26 (FY26) as the spectrum moratorium ends
Amid reports of buying UK-based Vodafone Group's 21 per cent stake in Indus Towers, Airtel affirmed that it is not in any such talks
IIFL Securities has also upgraded Indus Towers stock to 'Buy' with a target of Rs 379, and has raised Bharti Airtel stock's target price to Rs 1,379
Bharti Hexacon's IPO is the country's largest since Mankind Pharma Ltd. raised Rs 4,330 crore a year ago
For all prepaid customers, Airtel has reduced the price of its existing unlimited data pack plans from Rs. 49 to Rs. 29
According to reports, the debt-ridden telecom operator plans to clear about Rs 2,400 crore of dues to the government by September
Bharti Airtel Q1 preview: On average, analysts expect Bharti Airtel's consolidated net profit to rise around 60 per cent year-on-year (YoY) to Rs 2,676 crore in Q1FY24
The market leader, Reliance Jio has not announced the increments and bonuses so far
Indian telecom providers are introducing international roaming packages for postpaid customers with competitive prices as Vodafone Idea reports financial troubles
Stocks to watch today: Mankind Pharma has confirmed that the Income Tax Department conducted a search at some of the premises/ plants related to the Company and some of its subsidiaries
Goldman Sachs said Vi would need a sharp capital raise or a tariff increase to remain competitive. It is the only telco which has not yet given a timeline to launch its 5G services
New Vi Max postpaid plan offers users more data and SMSes per month, apart from travel discounts, airport lounge access, and priority customer service; comes into effect on Wednesday
Where is the economy headed? Are tough times ahead for fintech companies? How does the near term look for Airtel, Voda Idea stocks? What is a black swan event? Find the answers here
As part of the package, there could be some relaxation on payment of levies to the government including a one-year moratorium on spectrum installment due in April 2022.
The favourable industry structure of two players is a good enough kicker for an eventual hike in tariff as well as superior digital play in the medium to long term, an analyst said
India Ratings believes increasing data usage and rising proportion of higher ARPU data customers in the overall subscriber mix hint that even without tariff hikes, the sector is structurally strong
In the past one month, Bharti Airtel has slipped 12 per cent, while Vodafone Idea has dipped 23 per cent, as compared to 5 per cent decline in the S&P BSE Sensex
A lack of tariff hike visibility in the near term, success of Jio's renewed post-paid push, delayed reaction from Bharti to counter Jio will determine Airtel's stock performance, say analysts