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Expect some pressure on Bharti Airtel's stock: IDFC

BHARTI-AIRTEL-SHARES-PRESSURE:Expect some pressure on Bharti Airtel's stock: IDFC

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Reuters

 

Reuters Market Eye - IDFC says at first impression Bharti Airtel's headline numbers are weak with domestic volume growth of just 3.9 percent while pricing fell 2.6 percent, sequentially.

The brokerage adds margins in domestic business as well as African business are weak.

IDFC expects some pressure on the stock in the short-term on back of Q1 results.

Bharti reported a 37 percent fall in April-June net profit.

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First Published: Aug 08 2012 | 10:33 AM IST

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